Federal Reserve mouthpiece: Non-agricultural data will affect the extent of the Fed’s interest rate cut

According to BlockBeats, on September 6, the latest article by “Fed Mouthpiece” Nick Timiraos stated that the U.S. August jobs report, scheduled to be released on Friday, will play a greater role than usual in determining the extent of the Fed’s interest rate cuts this month. At the Fed’s September meeting, the focus of the debate was whether to start cutting interest rates by 25 or 50 basis points to prevent an unwanted weakness in the job market. The August hiring and employment reports will be key to this decision. A decent jobs report could prompt officials to start a possible series of rate cuts with a 25 basis point cut. If hiring is weak or unemployment rises, as it did in July, a larger rate cut will be imminent. (Jinshi)

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