Strategist: Non-farm data is unlikely to change the Fed's policy stance

Odaily News Michael Brown, a strategist at Pepperstone, said in a report that from the Fed's policy perspective, it is hard to imagine that the US jobs report will be a game changer. Fed Chairman Powell pointed out that policymakers need to see real progress in inflation or some degree of weakness in the labor market before they can cut interest rates again. For the market, the jobs report may be a case of "good news is good news" or vice versa. The market is focused on the underlying economic situation rather than any potential policy impact. (Jinshi)