Wall Street's sharp review of non farm payroll data: pragmatism and hope coexist, kicking the ball to next week's CPI
四夜父脚群
发表于 2024-9-7 10:53:17
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With the highly anticipated US non farm payroll report on Friday failing to have a decisive effect on the magnitude of the Fed's September rate cut, various Wall Street analysts and economists have once again entered a stage of hundred schools of thought debate. Karen Roach, founder and chief investment officer of Discipline Fund, said on X: "I think the Federal Reserve would choose (to cut interest rates) by 25 basis points because they have always lagged behind the situation. Personally, I would lean towards 50 basis points because they have basically won inflation, and the macro trend now shows that the risk of economic downturn is greater." Jeffrey Rosenberg, a BlackRock fund manager who is well versed in "Federal Reserve psychology," also said that a 50 basis point interest rate cut by the Federal Reserve now would send a signal of panic to the market. The market has been concerned about the Fed's slow interest rate cuts, so setting a 50 basis point target at this time would actually confirm this speculation - the market does not see this action as "policy makers taking early action", but rather concerns about an economic "hard landing".
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Disclaimer: The views expressed in this article are those of the author only, this article does not represent the position of CandyLake.com, and does not constitute advice, please treat with caution.
Disclaimer: The views expressed in this article are those of the author only, this article does not represent the position of CandyLake.com, and does not constitute advice, please treat with caution.
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