Goldman Sachs: Non-farm data shows that the Fed will continue its easing cycle next week

Strikes and hurricanes affected this month's non-farm payrolls, with job growth unexpectedly down and the unemployment rate unchanged. While the Fed may attribute some of today's weak data to one-off factors, today's weak data suggests that the Fed will continue its easing cycle at next week's meeting. The data is worrying, and the possibility of a 25 basis point rate cut in November has increased. (Jinshi)