China International Capital Corporation: Comprehensively considering the overall economic data, it is predicted that the Federal Reserve will lower interest rates by 25 basis points next week.

CoinVoice latest news, according to Jinshi reports, China International Capital Corporation's research report indicates that the U.S. non-farm data for October is weak and below expectations, partially influenced by hurricanes and strike events. The hurricanes forced a large number of people to evacuate and significantly reduced the response rate of business surveys, leading to a sharp decline in employment in the leisure and hospitality sectors, and a surge in the number of people unable to work due to weather conditions. Strikes have led to a noticeable shrinkage in manufacturing employment. However, these are all temporary disturbances, and their effects may reverse in the coming months. Overall, the U.S. labor market is still gradually cooling, with no signs of rapid deterioration.

Comprehensively considering the overall economic data, it is predicted that the Federal Reserve will lower interest rates by 25 basis points next week, with monetary policy continuing to return to normalization, but the pace of rate cuts will not be as aggressive as the market previously expected. [Original link]