According to BlockBeats, on September 6, Nick Timiraos, the “Federal Reserve mouthpiece,” said that Friday was the last day before Fed officials entered the pre-meeting silent period. Fed Chairman Williams and Fed Governor Waller were scheduled to speak after the release of the employment report, which was the last chance to set expectations for the upcoming meeting. With economic growth and inflation slowing, it would be more reasonable for the Fed to adjust interest rates from the current 5.3% to around 4.5%.
If there are no signs that the employment weakness in July will continue into August, some Fed officials may resist a sharp 50 basis point rate cut. But officials who were open to a rate cut at the July meeting may support a 50 basis point cut in September, and they will find broader support if the unemployment rate jumps again and job growth slows further. (Jinshi)
