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Deutsche Bank: Any signs of weakness in the September US Non-farm Payrolls (NFP) data will be magnified.
Deutsche Bank analysts pointed out in a report on Thursday: market attention is quickly turning to the delayed September US Non-farm Payrolls (NFP) report — we should have received this data nearly 7 weeks ago.
They added: Generally speaking, data from months ago does not have much impact, but whether interest rates can be cut in December will likely depend on whether this data is weak — this possibility does exist, especially when the balanced growth rate of the employment market in 2025 is already at such a low level, any signs of weakness will be particularly noticeable. ( Jinshi )