Agencies: Strong U.S. non-farm payroll data indicates that the Federal Reserve will implement a smaller interest rate cut next week
2024-11-01 12:20:55
Joe Davis, global chief economist at Pioneer Navigation, said the Fed is expected to choose to cut interest rates by 25 basis points at next week's meeting, especially if US non-farm payrolls data show a solid job market. Tonight's jobs report is the last important economic indicator before the Fed's decision next week. Despite the impact of Hurricane Helen and the Boeing strike, the labor market is expected to remain on a strong footing.
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