September 5, Macro:
Fed member Daly said that the Fed can take aggressive actions when the outlook is clear, but the current outlook is still unclear.
As inflation is falling and economic growth is slowing, the Fed needs to lower the policy rate. Now CME gives a probability of a 25 basis point rate cut in September of 54%, and the probability of a 50 basis point rate cut has risen to 46%.
Tonight will release the August non-farm data, the number of initial jobless claims, and the non-farm payrolls report on Friday. This is the most important data reflecting employment and economic conditions before the rate cut. The impact on the market trend is self-evident, and it will be the key to determining the extent of the Fed's September rate cut! Need to pay close attention.
Now we have begun to plan the next operation. Don't blindly follow the trend and take the risk on yourself. Only with a direction can you go the right way. Welcome to discuss and consult.
