"Fed Whisperer" Nick Timiraos said that the non-farm payrolls report may provide a clear signal about the magnitude of the Fed's first rate cut, whether it is 25 or 50 basis points. The market's pricing will immediately rise to 90%. However, this non-farm payrolls report did not provide a good solution to this issue, and the market's pricing for a 25 or 50 basis point rate cut is "half-open". Overall non-farm data is not bad enough to change the benchmark expectation to a 50 basis point rate cut, but considering the revised data, it is not enough to completely dispel speculation about a larger rate cut."
美联储传声筒：非农报告不明朗 美联储9月降息25还是50bp仍是未知数
Federal Reserve megaphone: Non-farm report is unclear, whether the Federal Reserve will cut interest rates by 25 or 50 basis points in September is still unknown.
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