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Shengbao Bank: Employment data has not changed the prospect of a Fed rate cut two weeks later.
CoinVoice latest learned that Ole Hansen, the head of commodity strategy at Saxo Bank, said that the employment data did not "alter the prospect of a rate cut by the Federal Reserve two weeks later".
In addition, Bill Eigen, a bond expert at J.P. Morgan Asset Management, warned the market before the next Fed meeting that the Fed's room for interest rate cuts may not be as big as it imagines, and it is best for Central Banks around the world not to cut interest rates again in December. He added that this is because there are signs that the U.S. economy is beginning to rise again, including strong GDP rise, slightly higher-than-expected inflation data last month, and record stock prices.