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Analyst: Non-Farm Payrolls Data Could Be Litmus Test for Last Week's Fed Rate Cut Decision
Summary: According to sources, analyst Chris Anstey stated that today's non-farm payrolls report is crucial for Federal Reserve policymakers. While the next rate decision is not until January 28, when the Fed will have December data, this report may still impact perceptions of the wisdom of last week's rate cut decision. The Fed had clear divisions ...
According to sources, analyst Chris Anstey stated that today's non-farm payrolls report is crucial for Federal Reserve policymakers. While the next rate decision is not until January 28, when the Fed will have December data, this report may still impact perceptions of the wisdom of last week's rate cut decision. The Fed had clear divisions in last week's rate decision. If today's job data shows weakness, the rate cut decision will appear prescient; conversely, if the job market shows strength, it will undoubtedly bolster the position of officials advocating for a pause in rate cuts.
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Link: Analyst: Non-Farm Payrolls Data Could Be Litmus Test for Last Week's Fed Rate Cut Decision [Copy]
