Key jobs data arrive too late to guide the Federal Reserve's next major rate decision. Douglas Rissing / Getty Images Close Key Takeaways The Federal Reserve has a tough choice at its next policy meeting: cut borrowing costs to boost the job market, or keep them steady to fight inflation—but there's a third option, which is not to have a meeting at all.The Fed's policy committee is scheduled to meet in December to decide whether to cut its key federal funds rate for a third time in as many meetings. However ...