Citi: The likelihood of the Federal Reserve skipping a rate cut in November is low, with at least a 25 basis point cut at each meeting

ChainCatcher news, a Citigroup analyst report indicated that despite recent labor market data potentially causing some market participants to reconsider their expectations for a Federal Reserve rate cut, the likelihood of the Fed skipping a rate cut during the November meeting is low.

Although last Friday's non-farm payrolls saw a significant increase of 254,000, exceeding economists' expectations of 140,000, analysts pointed out that we suspect the strong employment report released last Friday may not be sustainable. Citigroup noted: A series of weak labor market data prior had led the market to expect the Fed to cut rates by at least 25 basis points at each meeting, and possibly take more substantial action with a 50 basis point cut. (Jin Shi)