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bruce
@yre
The US non farm payroll data for November, which received attention this week, was better than expected, but it is not hot enough to prevent the Federal Reserve from cutting interest rates again later this month. The probability of the market cutting interest rates by 25 basis points in December has been pushed up to around 90%. At the same time, more and more Federal Reserve officials are inclined to cautiously cut interest rates. The next week's US inflation data is the only important data that could shake the Fed's expectation of a December rate cut. After data shows that the US labor market remains strong but also shows signs of slowing down, Fed officials seem to be expected to cut interest rates this month, but debates about the possibility of suspending rate cuts next year have already been put on the table. Policy makers who spoke before the Federal Reserve's quiet period generally stated that they expect interest rates to continue to decline, while being cautious about the pace of rate cuts. @sew
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