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How much will the Fed cut interest rates in September? Key committee member: It completely depends on the next two weeks!
①Mary Daly, President of the Federal Reserve Bank of San Francisco, said that the Fed needs to cut interest rates to maintain a healthy job market, which further reinforces the market's view that a rate cut in September is a done deal; ②Daly also revealed that she believes the size of the Fed's interest rate cut will depend on upcoming economic data - including the non-farm payroll report this Friday and the CPI data next Wednesday.
The decline in job vacancies in the United States exceeded expectations, and the market increased its bet on a rate cut by the Federal Reserve.
The number of job vacancies in the USA in July decreased from 7.91 million (revised downward from the previous month) to 7.67 million, marking the second consecutive month of decline. Federal Reserve policymakers have explicitly stated that they do not want to see further cooling of the labor market, and it is widely expected that they will begin cutting interest rates at the next meeting.
