The Fed announced a rate cut. The Fed may have reached a consensus on the extent of the rate cut, but the rate cut may only be 25 basis points. The market misjudged the expectations of the rate cut, and then the financial market collapsed, and the market will fluctuate greatly in the future.
Non-farm payrolls data supports the rate cut. Although it is lower than expected, there are no major problems, and it is higher than July. At the same time, the unemployment rate has fallen, breaking away from the triggering factors of the "Sam Rule Recession".
The current situation is that the labor market problem is not optimistic. The first rate cut of 25BP is obviously not enough, but the rate cut of 50BP, the market is worried about the expectation of recession, and the Fed is unwilling to loosen up.
