Standard Chartered firmly believes the Fed will cut rates in December: Non-farm payroll data is likely to be very weak.

Odaily Odaily reports that despite significant divisions among Federal Reserve policymakers ahead of their December meeting, Standard Chartered Bank says this is unlikely to prevent the Fed from continuing to cut interest rates, warning that weak expectations for the labor market will continue to dominate monetary policy. Steve Englander, Global Head of G10 FX Research and North American Macro Strategy at Standard Chartered, stated in a recent report: “We maintain our view that the FOMC will cut rates in December, primarily because we believe that the employment data for September-November is likely to be very weak, which should be enough to push Fed centrists towards the rate-cutting camp.” (Jinshi)