According to Odaily Planet Daily, Hirofumi Suzuki, chief foreign exchange strategist at Sumitomo Mitsui Banking Corporation in Tokyo, said that the slightly weaker-than-expected U.S. jobs report will not prompt the Federal Reserve to cut interest rates by 50 basis points at its September meeting.
However, combined with past revisions, this result implies that the Fed could potentially cut rates by 50 basis points, depending on indicators beyond next month.
