Wharton finance professor: If non-farm data is strong, the Fed may pause rate cuts next week

Odaily News Jeremy Siegel, a finance professor at the Wharton School of Business, said that if the non-farm payrolls data released on Friday (November 1) unexpectedly rise sharply, the FOMC may keep the federal funds unchanged in November. Siegel expects that there will be three or four more rate cuts in this easing cycle, long-term interest rates will remain high, the stock market looks strong, and the economy remains resilient. In August, Siegel called on the Federal Reserve to cut interest rates by 75 basis points urgently. (Jinshi)