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The US job market faces downside risks, and the Federal Reserve may cut interest rates by 50 basis points.
According to ChainCatcher, citing Jinse Finance, foreign exchange analysts at Brown Brothers Harriman Bank stated that the U.S. job market faces greater downside risks. Multiple employment data indicate that labor demand is cooling, which may prompt the Federal Reserve to consider a 50 basis point rate cut at its September 16-17 meeting. If the non-farm payroll data meets or exceeds expectations, it will provide short-term support for the U.S. dollar.
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Federal Reserve Rate Cut U.S. Dollar
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