Viewpoint: The Federal Reserve intends to cut interest rates, but needs employment data slowdown to 'give the green light'

BlockBeats reported that on July 31, the market almost unanimously believes that the Federal Reserve will keep the benchmark interest rate unchanged at 4.25% to 4.5% today, but there are divergences in the market regarding the policy path thereafter.

Jefferies Chief Economist Mohit Kumar stated: "In our view, the Federal Reserve intends to lower interest rates from the current level, but will need to see signs of a slowdown in employment data to 'give the green light'. Once employment data shows weakness, they will initiate rate cuts." (Jin Shi)