Standard Chartered firmly believes the Fed will cut rates in December: Non-farm payroll data is likely to be very weak

Jinse Finance reported that although there were serious disagreements among Federal Reserve policymakers before the December meeting, Standard Chartered Bank stated that this is unlikely to prevent the Fed from continuing to cut interest rates, and warned that the expected weakness in the job market will continue to dominate the direction of monetary policy. Steve Englander, Global Head of G10 FX Research and North America Macro Strategy at Standard Chartered Bank, said in a recent report: "We maintain our view that the FOMC will cut rates in December, mainly because we believe that employment data from September to November is likely to be very weak, which should be enough to push the Fed's centrists toward the rate-cutting camp." (Golden Ten Data)