CIBC: Employment data supports the Fed's September rate cut, and three rate cuts may be needed this year

CIBC Capital Markets economist Catherine Judge said it makes sense to expect three rate cuts by the end of the year. This report is clearly consistent with the Fed's expectations of a rate cut in September and increases the likelihood that the economy will need three rate cuts this year, rather than the two we currently expect, but more important indicators, including inflation data, remain before the Fed makes a decision on a rate cut. (Jinshi)