News

ChainCatcher news, according to Jinse Finance, Commerzbank foreign exchange analyst Antje Praefcke pointed out that Powell's speech at the Jackson Hole annual meeting emphasized the downside risks facing the economy and employment, and that current labor market data is receiving much more attention than usual. If labor market data falls short of expectations, it may boost expectations of a Federal Reserve rate cut, and could even trigger market anticipation of a 50 basis point rate cut. If tomorrow's ADP data comes in below expectations (market consensus is 80,000), it could lay the groundwork for bearish sentiment on the US dollar.

ChainCatcher news, according to Jinse Finance, Federal Reserve Governor Waller stated that he believes there should be a rate cut at the next meeting. The yield on the US 10-year Treasury bond has basically stabilized. We may see multiple rate cuts, whether at every meeting or at alternate meetings, it all depends on the data. There is no need to follow a fixed order for rate cuts. He hopes to avoid a downturn in the labor market. "We know there will be a slight fluctuation in inflation, but it will not be permanent. In six months, it will be closer to the 2% target."