The non-farm data weakened, and the probability of interest rate cuts this year rose to three times
Sep 08, 2025 08:30:43
ChainCatcher news, according to Jinshi reports, Citic Securities research report states that the U.S. non-farm data for August has weakened again, with the unemployment rate in July rising to 4.248%, and the unemployment rate in August rising to 4.324%, in line with market expectations. The number of new non-farm jobs added in August was significantly lower than expected, with both the government and private sectors showing weakness. It is expected that the Federal Reserve will cut interest rates by 25 basis points at the September meeting, and will cut rates by 25 basis points each in October and December.
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