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US job market faces downside risks, Fed may cut rates by 50 basis points
Summary: According to sources, Brown Brothers Harriman Bank foreign exchange analyst reported that the US job market is facing greater downside risks. Multiple employment data indicate a cooling labor demand, which may prompt the Fed to consider a 50 basis point rate cut at the September 16-17 meeting. If non-farm data meets or exceeds expectations, it ...
According to sources, Brown Brothers Harriman Bank foreign exchange analyst reported that the US job market is facing greater downside risks. Multiple employment data indicate a cooling labor demand, which may prompt the Fed to consider a 50 basis point rate cut at the September 16-17 meeting. If non-farm data meets or exceeds expectations, it will provide short-term support for the US dollar.
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Link: US job market faces downside risks, Fed may cut rates by 50 basis points [Copy]
