Global X: Non-farm expectations are too high, and the Federal Reserve is expected to cut interest rates by 25 basis points in September

Scott Helfstein, head of investment strategy at Global X, said that the 142,000 new non-farm jobs in the United States in August were lower than expected, but expectations may be too high and the data is still reliable enough, thus reducing the possibility of a 50 basis point rate cut by the Federal Reserve in September. He said that the Federal Reserve has been hinting at a 25 basis point rate cut in September, which seems to be what is likely to happen. He said: "We expect a rate cut in September, but the Federal Reserve may be cautious in starting the easing cycle." (Jinshi)