The Federal Reserve Board (FRB) will convene the Federal Open Market Committee (FOMC) at 4:30 am Japan time on November 8th to determine monetary policy. In this FOMC meeting,a 0.25% rate cut isexpected. However, recent labor statistics show signs of cooling in the job market. As the rate cut in September was 0.5%, the market is nervously watching the pace and size of the rate cuts.