Economists expect the Fed to cut interest rates by 25 basis points next Thursday
US job growth slowed significantly in October, but the unemployment rate remained steady at 4.1%, which is believed to indicate a solid labor market foundation before next Tuesday's election. The unemployment rate was not distorted because striking workers are counted as employed in household surveys, which are the basis for calculating the unemployment rate. According to the classification of the Labor Statistics Bureau, workers who are unable to work due to bad weather will be reported as employed but "not at work." Economists expect the Fed to cut interest rates by 25 basis points next Thursday, excluding noise. (Jinshi)
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