The Fed is entering a blackout period before its policy meeting and is expected to cut interest rates by 25 basis points
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Odaily Planet Daily Report: The U.S. non-farm payroll report to be released this Friday is the last employment market report before the Federal Reserve's policy meeting next week, but this data will be difficult to interpret. As inflation is essentially trending towards the Federal Reserve's target, officials are now more focused on the gradually cooling labor market. Federal Reserve Governor Waller said earlier this month that the employment report is "not easy to interpret," but he expects that hurricanes and the Boeing strike will reduce employment growth by more than 100,000. The Federal Reserve has entered the pre-meeting silent period, and it is expected that the Federal Reserve will cut interest rates by 25 basis points at this meeting. Moody's chief economist Mark Zandi said policymakers will calmly respond to these data and continue to focus on lowering interest rates, as the current interest rate level is widely believed to have a suppressive effect on the economy. (Gold Ten)
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