U.S. economists comment on non-farm data: interest rate cuts may come earlier than expected

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Bitget2024/05/03 15:38

According to Jinshi, Rubeela Farooqi, chief U.S. economist at High Frequency Economics, commented on the U.S. non-farm data and said that if employment and wages continue to slow in the coming months, then interest rate cuts may come sooner rather than later. Farooqi stressed that one month's data should not be overemphasized, but the data showed that labor market conditions were loosening, not weakening.

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