JPMorgan Chase: It is expected that the number of non-farm jobs in the United States will increase by 125,000 in September, and the Federal Reserve may further cut interest rates by 50 basis points

J.P. Morgan economist Nora Szentivanyi predicts that the number of non-farm jobs in the United States will increase by 125,000 in September, indicating that labor demand is still slowing down, implying that the Federal Reserve may still have a chance to cut interest rates by 50 basis points at once. If the data is around 100,000 people, it would increase the likelihood of a significant rate cut. If the data shows a significant weakening, market expectations for another Fed rate cut of 50 basis points might be rekindled. Atlanta Fed Chairman Bostic previously stated that data below 100,000 would raise concerns.