According to BlockBeats on October 4, JPMorgan economist Nora Szentivanyi forecasted a 125,000 increase in U.S. non-farm payrolls for September. This reflects a continued slowing in labor demand, potentially signaling that the Federal Reserve might consider another 50 basis point rate cut. Szentivanyi noted that if the payroll increase is around 100,000, it would significantly boost the likelihood of a larger rate cut.
Atlanta Fed President Raphael Bostic also stated that if job growth falls below 100,000, it would raise concerns, further heightening the possibility of a substantial rate reduction. This projection reinforces the Fed’s close monitoring of economic data to guide its monetary policy decisions.
