"Home run" level US employment statistics, easing the burden on the Federal Reserve - concerns about the labor market are receding.
October 5, 2024 8:56 JST (excerpt)
Expectations of a 0.25 point interest rate cut in November following the strong statistics exceeding estimates
US economy, Mr. Shulyatieva strengthens the basis for a soft landing.
Expectations of a 0.25 point interest rate cut in November following the strong statistics exceeding estimates
US economy, Mr. Shulyatieva strengthens the basis for a soft landing.
Stronger than expected September US employment statistics have alleviated concerns about the labor market, creating room for the financial authorities to continue lowering interest rates at an even more gradual pace in the coming months. The pressure on the authorities has eased.
JP Morgan Chase's Chief US Economist, Mr. Michael Feroli, referred to the statistical release as a 'home run', leading to a rapid decline in economists' and investors' expectations of a substantial rate cut at the Federal Open Market Committee (FOMC) meeting on November 6 and 7, following the 0.5 percentage point cut in September by the financial authorities.
JP Morgan Chase's Chief US Economist, Mr. Michael Feroli, referred to the statistical release as a 'home run', leading to a rapid decline in economists' and investors' expectations of a substantial rate cut at the Federal Open Market Committee (FOMC) meeting on November 6 and 7, following the 0.5 percentage point cut in September by the financial authorities.
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