Career coaches anticipate a "bump" in fall hiring, but not a full "surge" as seen in previous years. The Federal Reserve's interest rate hike on September 16 to 3.75%-4%, its first increase since July 2023, is expected to make businesses more cautious about hiring due to higher borrowing costs. Despite concerns, experts believe a repeat of last October's 153,074 job cuts (highest for that month since 2003) is unlikely this year, though companies may still cut costs in other areas.