Citi: It is unlikely that the Fed will skip a rate cut in November, and each meeting will cut at least 25 basis points

Citi analysts said in a report that although recent labor market data may have caused some market participants to reconsider their expectations for the Fed to cut interest rates, it is unlikely that the Fed will skip a rate cut during the November meeting. Although non-farm payrolls increased sharply by 254,000 last Friday, higher than the 140,000 expected by economists, analysts pointed out that "we suspect that the strong employment report released last Friday may not be sustained." Citi pointed out: "The previous series of weak labor market data has led the market to expect the Fed to cut interest rates by at least 25 basis points at each meeting, and may take a larger 50 basis point interest rate cut." (Jinshi)