The Federal Reserve is ready to cut interest rates by 25 basis points based on employment data

ChainCatcher news, according to Jinshi reports, Chicago Murphy & Sylvest senior wealth advisor and market strategist Paul Nolte stated that the Federal Reserve is ready to cut interest rates by 25 basis points based on weak employment data. The non-farm payroll benchmark data was revised down slightly more than expected. Despite the weakness in the labor market, consumer spending remains strong, and the overall data does not fully reflect the complete picture of economic performance.