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Jefferies: The Fed is still expected to cut interest rates in January next year.
According to Mars Finance news and Jin10 reports, although the latest released Fed meeting minutes have a hawkish tone, Jefferies economist Mohit Kumar pointed out in the report that the Fed is still on a loose path overall. Even if the Fed remains inactive in December, it is expected to cut rates in January next year. The Fed's decisions are data-driven, and in the coming months, the weight of employment data may surpass that of inflation. The benchmark scenario is a moderate slowdown in job growth, with the unemployment rate gradually rising to 4.5%.