Citi: It is unlikely that the Fed will skip a rate cut in November, and each meeting will cut at least 25 basis points

Odaily Planet Daily Report: According to a Citi analyst report, although recent labor market data may have led some market participants to reconsider their expectations for the Fed to cut interest rates, the likelihood of the Fed skipping a rate cut at the November meeting is low. Although the non-farm payroll data released last Friday increased by 254,000, higher than the 140,000 expected by economists, analysts pointed out that "we suspect the strong employment report released last Friday may not be sustained." Citi noted: "A series of weak labor market data prior to this had led the market to expect the Fed to cut rates by at least 25 basis points at each meeting, and they may even take a larger 50 basis point cut."