Bank of America: October nonfarm payrolls weak enough for Fed to cut rates 25 bps each in November and December
On Nov. 7, Bank of America said the October nonfarm payrolls data were weak enough for the Fed to cut rates by 25 basis points each in November and December. Powell is likely to emphasize the solidity of the economy and the return of the inflation target. Trump's return to the White House may make the Fed more cautious going forward.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SOL spot ETF records net inflows for 14 consecutive trading days, with total inflows reaching $382 million
Opinion: Cryptocurrency Index ETFs Will Lead the Next Wave of Adoption
Data: 567.26 BTC flowed into a certain exchange, valued at approximately $541 millions.
A certain whale deposited 44,000 ETH worth $140.2 millions into an exchange.
Trending news
MoreCrypto prices
More
