According to BlockBeats, on September 6, Nick Timiraos, the “Federal Reserve mouthpiece,” said that the non-farm payrolls report is likely to provide a clear signal about the extent of the Fed’s first rate cut, and whether it is 25 basis points or 50 basis points, market pricing will immediately rise to 90%. However, this non-farm payrolls report did not solve this problem very well, and the market is currently pricing a 25 or 50 basis point rate cut at a “half-and-half” rate. The overall non-farm data is not bad enough to change the baseline expectation to a 50 basis point rate cut, but considering the revised data, it is not convincing enough to completely dispel speculation about a larger rate cut. (Jinshi)
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