Institution: Strong US non-farm data indicates that the Federal Reserve will implement a smaller interest rate cut next week

Joe Davis, global chief economist at Vanguard, said he expects the Fed to choose to cut interest rates by 25 basis points at next week's interest rate meeting, especially if the U.S. non-farm payrolls data shows a solid job market. Tonight's employment report is the last important economic indicator before the Fed makes a decision next week. Despite the impact of Hurricane Helene and the Boeing strike, the labor market is expected to remain on a strong footing. (Jinshi)