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September US Non-farm Payrolls (NFP) data mixed, Fed's outlook for a December rate cut remains divided.
The September US Non-farm Payrolls (NFP) data signals are mixed, and the market has differing expectations regarding the Fed's rate cut in December. Financial broker XTB believes that the continuously rising unemployment rate may trigger a rate cut decision.
Goldman Sachs Asset Management pointed out that despite the recent hawkish voices, weak hard data and inflation close to the target will drive policy development. Sparta Securities expects the Fed may choose to cut rates by 25 basis points in December, while CITIC Securities believes that changes in the unemployment rate will affect the rate cut decision. TD Securities stated that the September US Non-farm Payrolls (NFP) report corroborated the views of both the hawkish and dovish camps, and the market's pricing for a rate cut in December has been readjusted to a "fifty-fifty".