JPMorgan Chase: Even without non-farm payroll data, the Fed can safely cut interest rates in October
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最新报道：According to a report on Bijie.com on October 3rd, Michael Feroli, chief US economist at JPMorgan Chase, said that despite the expected absence of Friday's official non-farm payroll report due to the government shutdown, the Federal Reserve can still "feel comfortable cutting interest rates" later this month. Feroli noted that recent private sector labor market indicators, such as the ADP data, have provided sufficient information. These data, showing weak hiring in September, modest wage growth, and easing labor demand, provide the Federal Reserve with a general understanding of the cooling labor market and thus support a rate cut decision.
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