Wharton finance professor: If non-farm data is strong, the Fed may pause rate cuts next week

Odaily Planet Daily Report: Professor Jeremy Siegel of the Wharton School of Business said that if the non-farm payroll data released on Friday (November 1) rises unexpectedly sharply, the FOMC may keep the federal funds rate unchanged in November. Siegel expects that there will be three to four more rate cuts in this easing cycle, long-term interest rates will remain high, the stock market appears to be strong, and the economy will remain resilient. In August, Siegel had called for the Federal Reserve to cut rates by 75 basis points urgently. (Jinshi)