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Federal Reserve mouthpiece: Non-agricultural data will affect the extent of the Fed's interest rate cut
2024-09-06 01:23
Odaily News Odaily Planet Daily News: Nick Timiraos, the "Federal Reserve Mouthpiece", wrote in his latest article that the U.S. August jobs report, scheduled for release on Friday, will play a larger role than usual in determining the extent of the Fed's interest rate cuts this month. At the Fed's September meeting, the debate focused on whether to start with a 25 or 50 basis point rate cut to prevent an unwanted softening in the job market. The August hiring and employment reports will be key to that decision. A decent jobs report could prompt officials to start a possible series of rate cuts with a 25 basis point cut. If hiring is weak or unemployment rises, as it did in July, a larger rate cut will be imminent. (Jinshi)