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Ole Hansen, head of commodity strategy at Shengbao Bank, said that the employment data did not "change the prospect of the Federal Reserve cutting interest rates in two weeks". In addition, Bill Eigen, a bond expert at JPMorgan Asset Management, warned the market before the next Federal Reserve meeting that there may not be as much room for the Fed to cut interest rates as it imagines, and central banks around the world should not cut interest rates again in December. He added that this is because there are some signs that the US economy is starting to heat up again, including strong GDP growth, slightly higher than expected inflation data from last month, and record breaking stock prices. @titipakorn
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