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September non-farm payroll data is mixed, and the outlook for the Federal Reserve's December interest rate cut remains divided

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2025-11-21 03:18:46
The non-farm payroll data signals in September were mixed, and the market's expectations for the Federal Reserve's interest rate cut in December were divided. Financial brokerage XTB believes that the rising unemployment rate may trigger the interest rate cut decision. Goldman Sachs Asset Management pointed out that despite the recent hawkish voices, weak hard data and near-target inflation will drive policy development. Spartan Securities expects that the Federal Reserve may choose to cut interest rates by 25 basis points in December, while CITIC Securities believes that changes in the unemployment rate will affect the interest rate cut decision. TD Securities said that the September non-farm payroll report confirmed the views of both hawks and pigeons. The market re-priced the December interest rate cut to "50-50". (Jin Ten)
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