Societe Generale: US non-farm payrolls lower than expected, but the market has reason to reduce bets on a 50 basis point rate cut
I'm PortAI, I can summarize articles.
BNP Paribas stated that despite the lower-than-expected growth in the US August employment report, the market has reduced expectations of a 50 basis point rate cut, believing that the Federal Reserve will not take drastic easing measures. CME data shows a 27% probability of a 50 basis point rate cut in September. Chief FX strategist Kit Juckes pointed out that the US dollar is strengthening, while currencies sensitive to economic growth remain weak. The upcoming release of the Consumer Price Index (CPI) data will further impact market expectations
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments