Dakota Wealth: The Fed doesn't have to cut rates by 50 basis points in September

Robert Pavlik, senior portfolio manager at Dakota Wealth, said the market was struggling to digest the U.S. employment data. The unemployment rate was roughly in line with expectations and lower than the previous report, but when they looked at the numbers, they found that the number of new jobs was lower than expected, and the previous data was also revised down, which actually shows that the economy is slowing down. I don't think this is a sign of economic collapse, but it is a sign of slowing down. I think this means a 25 basis point rate cut in September, rather than a larger rate cut. (Jinshi)