The non-farm data for September is mixed, and there are still differences regarding the prospects of a rate cut by the Federal Reserve in December

According to Jinshi reports, the non-farm payroll data for September shows mixed signals, leading to a divergence in market expectations for a Federal Reserve rate cut in December. Financial brokerage XTB believes that the rising unemployment rate may trigger a rate cut decision. Goldman Sachs Asset Management points out that despite the recent hawkish rhetoric, weak hard data and inflation close to target will drive policy developments. Sparta Securities expects the Federal Reserve may choose to cut rates by 25 basis points in December, while CITIC Securities believes that changes in the unemployment rate will influence the rate cut decision. TD Securities stated that the September non-farm payroll report simultaneously confirms the views of both hawks and doves, and the market's pricing for a December rate cut has been readjusted to a "fifty-fifty" stance.