Will the Federal Reserve cut rates in December? This week's non-farm data is crucial
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Citigroup believes that the Federal Reserve is currently "downplaying" the interpretation of the October employment data due to the impact of strikes and hurricanes. In this context, Friday's non-farm payrolls are not only crucial for the Fed's decisions on interest rate cuts in December and January, but also very important for the path of the long-term neutral interest rate. If Friday's non-farm payrolls are weak and November inflation weakens, there is a possibility of a 50 basis point rate cut by the Fed in December; conversely, it may pause rate cuts
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