Analyst: Labor data may prompt the Federal Reserve to end its hawkish rate-cut era
According to Golden Ten Data, ChainCatcher reports that Daniel Loughney, an analyst at Mediolanum International Funds, stated that he expects the Federal Reserve to lower the federal funds target range by 25 basis points next week, driven by weak labor market statistics. He pointed out that recent rate cuts have been viewed as hawkish, but a weak labor market could prompt a more dovish response. The key focus will be the dot plot and the FOMC’s Summary of Economic Projections, from which market participants will look for any shifts in the Federal Reserve’s sentiment.
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