Analysis predicts that the Federal Reserve may cut interest rates in September
Jinse Finance reported that data released by the U.S. Department of Labor on the 5th showed that in August, the U.S. unemployment rate rose to 4.3%, reaching a nearly four-year high. The deterioration in employment data has strengthened market expectations for a Federal Reserve rate cut, with analysts predicting that the Fed may start a new round of rate cuts in September. Data released by the CME FedWatch Tool on the evening of the 5th indicated that the weak labor market has increased market expectations for the Fed to cut rates by at least 25 basis points at its September monetary policy meeting, and a 50 basis point cut cannot be ruled out. (CCTV News)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Jensen Huang: No new legislation needed for AI safety, market forces are sufficient
Nvidia CEO Jensen Huang stated at the Salesforce Dreamforce conference that AI innovation and safety are not mutually exclusive. He believes that market mechanisms are sufficient to regulate the safety of AI products, and special legislation is not necessary. According to Huang, companies can fully ensure safety while advancing AI development, with the key being to control the pace of product releases until they are confident about market acceptance.
The Clarity Act Stalls in the Senate, Cryptocurrency Bill Fails to Pass Key Vote
Dell Technologies Insider Sold Shares Worth $3,285,330, According to a Recent SEC Filing
Update for XRP Army: Senate Kills CLARITY Act. Here’s How They Vote
Crypto prices
More
