Bank of America: October non-farm payroll data was weak enough for the Federal Reserve to cut interest rates by 25 basis points each in November and December

On November 7th, Bank of America said that the weakness of the non-farm payroll data in October was enough for the Federal Reserve to cut interest rates by 25 basis points in November and December. Powell is likely to emphasize the stability of the economy and the return of inflation targeting. Trump's return to the White House may make the Federal Reserve more cautious in the future. (Jin Ten)