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.
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
Data: x402 protocol token PING market cap surpasses 60 million USD
Clanker project team uses protocol fees to buy back approximately $65,000 worth of CLANKER tokens
