Fed's Mouthpiece: The non-farm report is unclear, whether the Fed will cut rates by 25 or 50 basis points in September is still unknown
"Federal Reserve mouthpiece" Nick Timiraos suggests that the non-farm employment report could potentially provide a clear signal about the magnitude of the Fed's first rate cut, whether it's 25 basis points or 50 basis points, market pricing will immediately rise to 90%. However, this non-farm employment report did not resolve this issue well. Currently, market pricing for a rate cut of either 25 or 50 basis points is "split in half". Overall non-farm data hasn't deteriorated enough to shift baseline expectations towards a rate cut of 50 basis points. But considering revised data, it isn't convincing enough to completely dispel speculation about larger cuts.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
iShares Bitcoin ETP issues 730,000 new securities on the London Stock Exchange

Forward Industries is testing Prop AMM, with technical support from Jump and Galaxy
Near Protocol launches NEAR AI cloud service and private chat feature
