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Expectations of Interest Rate Cut Tonight Test Independence of the Federal Reserve
Summary: According to sources, Felipe Villarroe, portfolio manager at TwentyFour Asset Management, stated that the August non-farm payroll data in the United States is crucial for expectations of future interest rate cuts. This data not only affects short-term interest rate trends but also shapes market perceptions of whether Federal Reserve officials' decisions are politically biased. He ...
According to sources, Felipe Villarroe, portfolio manager at TwentyFour Asset Management, stated that the August non-farm payroll data in the United States is crucial for expectations of future interest rate cuts. This data not only affects short-term interest rate trends but also shapes market perceptions of whether Federal Reserve officials' decisions are politically biased. He warned that if the market believes Federal Reserve decisions are politically influenced, long-term bonds will react negatively. A survey by The Wall Street Journal shows that analysts generally expect the addition of 75,000 new non-farm jobs in the United States in August.
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