Analyst: Labor data may lead the Fed to say goodbye to the hawkish rate cut era

According to Jinshi News, Mediolanum International Funds analyst Daniel Loughney stated that he expects the Federal Reserve to lower the federal funds target range by 25 basis points next week, driven by weak labor market statistics. He noted that the recent rate cut is seen as a hawkish cut, but the weak labor market may lead to a more dovish response. The key focus will be on the dot plot and the FOMC's quarterly economic projections summary, from which market participants will look for any shifts in the Fed's sentiment.