Analysis: The latest non-farm payroll report may prompt the Federal Reserve to consider pausing interest rate cuts in November

2024-10-05 11:29:07

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ChainCatcher news, according to Jinshi, Tim Horan, Chief Investment Officer of the Fixed Income Department at Chilton Trust, stated that strong job creation confirms the Federal Reserve's actions and indicates that a soft landing is imminent.

Tim Horan mentioned that the unexpectedly high 254,000 new non-farm jobs in September "allows the Federal Reserve to be absolutely pragmatic," even considering pausing (rate cuts) in November "to digest the election results without having to worry about falling behind the curve." With the job market performing quite well, the Federal Reserve can calmly adjust monetary policy, understanding how elected officials plan to handle government spending.

Tim Horan stated that although officials avoid commenting on fiscal policy, "the Federal Reserve has to worry" about the continuously expanding national debt.

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