The US job market faces downside risks, and the Federal Reserve may cut interest rates by 50 basis points.
According to ChainCatcher, citing Jinse Finance, foreign exchange analysts at Brown Brothers Harriman Bank stated that the U.S. job market faces greater downside risks. Multiple employment data indicate that labor demand is cooling, which may prompt the Federal Reserve to consider a 50 basis point rate cut at its September 16-17 meeting. If the non-farm payroll data meets or exceeds expectations, it will provide short-term support for the U.S. dollar.
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
President of the European Central Bank: Interest rates are at an appropriate level
Data: If ETH falls below $2,886, the cumulative long liquidation intensity on major CEXs will reach $1.206 billions
All three major U.S. stock indexes closed higher, with Intel rising over 10%.
