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Morgan Stanley: Mildly weak non-farm data this week may increase likelihood of further Fed rate cuts
Summary: According to reports, Morgan Stanley strategist Michael Wilson analyzed that if this week's US employment data shows mild weakness, it may increase the likelihood of further Fed rate cuts. After three consecutive rate cuts by the Fed, investors are looking for clues in this data to determine whether the Fed is about to end its ...
According to reports, Morgan Stanley strategist Michael Wilson analyzed that if this week's US employment data shows mild weakness, it may increase the likelihood of further Fed rate cuts. After three consecutive rate cuts by the Fed, investors are looking for clues in this data to determine whether the Fed is about to end its monetary easing cycle or if more aggressive action is needed. This week's release of US economic data will largely fill the data gap caused by the government shutdown. The delayed monthly employment data is set to be released on Tuesday, with economists expecting an addition of 50,000 jobs and an unemployment rate of 4.5%, reflecting a soft but not rapidly deteriorating labor market. Consumer inflation data will be released on Thursday.
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Link: Morgan Stanley: Mildly weak non-farm data this week may increase likelihood of further Fed rate cuts [Copy]
