Societe Generale: Labor market is hot, Federal Reserve is expected to cut interest rates by 25bp in November
2024-10-05 10:48:43
Societe Generale bank representation beyond market consensus United States labor forcedesk3cryptocurrencydesktopCrypto News
Socie ́ te ́ Ge ́ ne ́ rale said the US labour market report, which exceeded market consensus, firmly pushed the Fed to cut rates by 25 basis points in November rather than 50 basis points. Next week's CPI report may not change this view, as the fall in headline inflation should be driven entirely by fuel prices, while core inflation is expected to remain stubbornly high.
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