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Weak Non-Farm Payroll Data Increases Probability of Three Interest Rate Cuts Within the Year
Summary: According to reports from Golden Ten, the non-farm payroll data in the United States weakened again in August, with the unemployment rate rising to 4.248% in July and 4.324% in August, in line with market expectations. The increase in non-farm employment in August was significantly lower than expected, with both government and private sectors showing ...
According to reports from Golden Ten, the non-farm payroll data in the United States weakened again in August, with the unemployment rate rising to 4.248% in July and 4.324% in August, in line with market expectations. The increase in non-farm employment in August was significantly lower than expected, with both government and private sectors showing weakness. It is expected that the Federal Reserve will cut interest rates by 25 basis points at the September meeting, and by another 25 basis points in October and December.
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Link: Weak Non-Farm Payroll Data Increases Probability of Three Interest Rate Cuts Within the Year [Copy]
