BlockBeats news, on September 6, Brian Jacobsen, chief economist of Annex Wealth Management, said that the August non-farm payrolls rebounded from the weakness in July, but at the same time the data for the first two months were revised down. Part-time employment increased significantly, but temporary help service jobs decreased again, and the diffusion index of the manufacturing industry declined.
Overall, 142,000 jobs are generally considered healthy, but this labor market is being patched up. Can the Fed cut rates by 50 basis points? Yes, but will they? No. The Fed may want to start with a 25 basis point cut and keep the option to increase it to 50 basis points, rather than jumping directly to a 50 basis point range at the beginning. (Jinshi)
