Group 1 - The core point of the article highlights the significant underperformance of the U.S. non-farm payroll data for August, which has led to increased expectations for interest rate cuts by the Federal Reserve [2][4] - The non-farm employment data showed an increase of only 22,000 jobs in August, far below the expected 75,000, with the unemployment rate rising to 4.3%, the highest level since 2021 [2] - Following the disappointing non-farm data, Barclays analysts now predict that the Federal Reserve will cut rates three times this year, each by 25 basis points, and two additional cuts in March and June 2026 [2] Group 2 - The article discusses the implications of potential stagflation in the U.S. economy, emphasizing the risks associated with high asset bubbles and the need for careful monetary policy [3][4] - It is noted that if employment continues to decline, the Federal Reserve may need to implement rate cuts of up to 100 basis points by early next year to prevent a rapid economic downturn [4] - The article warns that if financial risks escalate, the Federal Reserve might have to consider even larger cuts, potentially exceeding 150 basis points, to stabilize the financial markets [4]
非农数据不佳 要求美联储加快降息脚步
Sou Hu Cai Jing·2025-09-07 05:18