Institution: Strong U.S. non-farm data suggests the Federal Reserve will implement a smaller rate cut next week

ChainCatcher news, according to Jinshi reports, Vanguard's Chief Economist Joe Davis stated that the Federal Reserve is expected to choose to cut interest rates by 25 basis points at next week's meeting, especially if the U.S. non-farm payroll data shows a solid labor market. Tonight's employment report is the last important economic indicator before the Fed makes its decision next week. Despite the impacts of Hurricane Helen and the Boeing strike, the labor market is still expected to maintain a strong foundation.