Citi: If the U.S. unemployment rate reaches 4.3% in August, the Federal Reserve will cut interest rates by 50 basis points

Odaily reports that Wall Street believes this week's non-farm payroll data could be a decisive factor in the Federal Reserve's decision to cut interest rates in September. Citibank analysts predict that non-farm employment will increase slightly by 125,000 in August, up from 114,000 in July, and the unemployment rate is expected to stabilize at 4.3%, possibly dropping to 4.2%. Citibank believes that if the employment report meets its expectations of an increase of 125,000 jobs and an unemployment rate of 4.3%, then the Fed will cut interest rates by 50 basis points at its upcoming meeting in September. The reason for cutting interest rates is due to downside risks in the labor market, especially when job growth is below 175,000 and unemployment remains high.