Odaily星球日报讯 野村证券分析师在一份报告中写道：“鲍威尔可能会承认，如果劳动力市场恶化，美联储准备迅速放松政策。”劳动力市场的健康状况在本月早些时候受到质疑，当时数据显示 7 月份失业率跳升至 4.3%，触发了萨姆规则。野村证券分析师补充道：“即便如此，我们预计他的言论将比 7 月份的新闻发布会更为平衡——同时也会指出通胀上行的风险。” 随后，市场进入相对平静的状态，因为对美联储降息的预期有所缓和。上周一，根据联邦基金利率期货交易数据，交易员预计美联储下个月降息 50 个基点的可能性为 50%。现在，市场预计降息 50 个基点的可能性仅为 23%。野村证券指出，市场的平静“应该能让鲍威尔强调美联储可以保持耐心并依赖数据，适度反驳最近市场对降息周期过度的定价。”（金十）

Odaily星球日报讯 野村证券分析师在一份报告中写道：“鲍威尔可能会承认，如果劳动力市场恶化，美联储准备迅速放松政策。”劳动力市场的健康状况在本月早些时候受到质疑，当时数据显示 7 月份失业率跳升至 4.3%，触发了萨姆规则。野村证券分析师补充道：“即便如此，我们预计他的言论将比 7 月份的新闻发布会更为平衡——同时也会指出通胀上行的风险。”随后，市场进入相对平静的状态，因为对美联储降息的预期有所缓和。上周一，根据联邦基金利率期货交易数据，交易员预计美联储下个月降息 50 个基点的可能性为 50%。现在，市场预计降息 50 个基点的可能性仅为 23%。野村证券指出，市场的平静“应该能让鲍威尔强调美联储可以保持耐心并依赖数据，适度反驳最近市场对降息周期过度的定价。”（金十）

野村证券：鲍威尔或将承认若劳动力市场恶化美联储准备迅速放松政策

Odaily Planet Daily Report: Nomura Securities analyst wrote in a report that "Powell may acknowledge that the Federal Reserve is prepared to quickly ease policy if the labor market deteriorates." The health of the labor market was questioned earlier this month when data showed the unemployment rate jumped to 4.3% in July, triggering the Sahm rule. The Nomura Securities analyst added, "Even so, we expect his remarks to be more balanced than the July press conference - while also pointing to the upside risks to inflation." Subsequently, the market entered a relatively calm state as expectations for a Federal Reserve rate cut have eased. Last Monday, according to federal funds rate futures trading data, traders saw a 50% chance of the Federal Reserve cutting rates by 50 basis points next month. Now, the market expects a 50 basis point rate cut to have only a 23% chance. Nomura Securities pointed out that the market's calm "should allow Powell to emphasize that the Federal Reserve can be patient and data-dependent, moderately pushing back on the market's recent over-pricing of a rate cut cycle."

Odaily Odaily News: &quot;Powell may admit that the Fed is ready to quickly ease policy if the labor market deteriorates,&quot; Nomura Securities analysts wrote in a report. The health of the labor market was questioned earlier this month when data showed that the unemployment rate jumped to 4.3% in July, triggering the Sam&#39;s Rule. &quot;Even so, we expect his remarks to be more balanced than the July press conference - while also pointing out the risks to inflation going up,&quot; Nomura Securities analysts added. Subsequently, the market entered a relatively calm state as expectations for the Fed&#39;s rate cuts eased. Last Monday, according to federal funds rate futures trading data, traders expected a 50% chance that the Fed would cut interest rates by 50 basis points next month. Now, the market expects only a 23% chance of a 50 basis point cut. Nomura Securities pointed out that the calmness of the market &quot;should allow Powell to emphasize that the Fed can remain patient and rely on data, moderately refuting the recent market&#39;s excessive pricing of a rate cut cycle.&quot; (Jinshi)

Nomura Securities: Powell may admit that the Fed is ready to quickly ease policy if the labor market deteriorates

Odaily economist Olivia Cross of Capital Economics stated that the downward revision of employment growth data may mean that worker productivity has been revised upward, which will further support the Federal Reserve's decision to cut interest rates. Regardless, lower economic activity or stronger productivity growth will indicate that the Federal Reserve has more reason to start easing policy in September. (Gold Ten)

Capital Economics: Downward revision to job growth gives Fed more reason to ease policy in September

Tonight, Federal Reserve Chairman Powell's speech is closely watched as market concerns about the outlook for the U.S. economy continue to grow.

Big news! The Fed Chairman is about to speak

Odaily Odaily reported that before the release of revised US employment data, traders increased their bets on the Federal Reserve to cut interest rates, and now expect the Federal Reserve to cut interest rates by a total of 100 basis points in 2024.