Nomura: Powell's huge influence will reduce the extent of subsequent Fed rate cuts

Odaily News As the non-farm payrolls data released on Friday far exceeded expectations, the market basically ruled out the possibility of a further 50 basis point rate cut, and economists expressed their views. Aichi Aemiya, an analyst at Nomura Securities International, said that the Federal Reserve may reduce the rate cut to 25 basis points at the policy meetings in November and December. (Jinshi)