Federal Reserve spokesperson: The non-farm payroll report is unclear, and whether the Federal Reserve will cut interest rates by 25 or 50 basis points in September remains uncertain

ChainCatcher news, according to Jinshi reports, "Fed mouthpiece" Nick Timiraos stated that the non-farm payroll report could provide a clear signal regarding the magnitude of the Federal Reserve's first rate cut, whether it be 25 basis points or 50 basis points, with market pricing immediately rising to 90%. However, this non-farm payroll report did not adequately address this issue, and currently, the market pricing for a 25 or 50 basis point cut is "split down the middle."

Overall, the non-farm data has not deteriorated enough to shift the baseline expectation to a 50 basis point cut, but considering the revised data, it is still insufficient to convincingly dispel speculation about a larger rate cut.