Aug 22, 20257471 Views
Aug 22, 2025
although the three-month average of US job growth is currently only 35,000, Chris Weston, head of research at Pepperstone, said that Federal Reserve policymakers - especially those members who are more concerned about core PCE continuing to deviate from the 2% target - will only support a "insurance rate cut" after the August non-farm payrolls data, which is expected to show weakness again on September 5. He added that the Fed's reputation is under serious scrutiny. Lowering interest rates in September when core PCE is expected to exceed the target by 100 basis points will be a difficult decision in any environment. Weston also pointed out that it is currently unclear whether the transmission effects of tariffs will gradually manifest.
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