JPMorgan Chase expects the US non-farm payrolls to increase by 125,000 in September, and the Federal Reserve may cut interest rates by another 50 basis points

Nora Szentivanyi, an economist at JPMorgan Chase, expects that the number of non-farm payrolls in the United States will increase by 125,000 in September, indicating that labor demand is still slowing, suggesting that the Federal Reserve may still cut interest rates by 50 basis points at a time. "If the data is around 100,000, it will increase the possibility of a significant rate cut." If the data shows a significant weakening, the market's expectations for the Federal Reserve to cut interest rates by another 50 basis points may be revitalized. Atlanta Fed President Bostic previously said that data below 100,000 will attract attention. (Jinshi)