First of all, let me draw a conclusion: before the election, no data from the United States will determine the start of the Fed's interest rate cut.
The Fed's rate hike and rate cut rhythm can be viewed from two dimensions:
1. The purpose of the rate hike is to harvest the world, so the start of the rate cut must be a certain country or region. Now it seems that every country lacks liquidity and the economy is also resisting, but no one has exploded.
Therefore, if the milestone of the rate hike has not been reached, let alone the start of the rate cut.
2. The US debt problem is indeed difficult, but don't forget that the United States is a country where elections are supreme. This round of interest rate hikes was manipulated after the Biden administration came to power. What are the results of the interest rate hike for the Democratic Party?
Therefore, under the premise that Harris has not confirmed his succession, the Democratic Party will not take the initiative to cut interest rates before the interest rate hike policy has not harvested the world. Even if the Republican Wall Street gives a very bad economic data, it will not cut.
Suggestion: Don't stare at the results of the Fed's rate cut. The recent data releases are smokescreens that can cause market fluctuations, but they must not cause the United States to cut interest rates.