Saxo Bank: Employment data does not change the outlook for the Federal Reserve to cut interest rates in two weeks
Ole Hansen, head of commodity strategy at Saxo Bank, said the jobs data did not "change the outlook for a Fed rate cut in two weeks." In addition, Bill Eigen, an expert on JPMorgan Asset Management bonds, warned the market before the Fed's next meeting that the Fed may not have as much room to cut interest rates as it thought, and that central banks would be well advised not to cut rates again in December. He added that this was because there were some signs that the U.S. economy was starting to heat up again, including strong GDP growth, slightly better-than-expected inflation data last month, and record stock prices. (Golden Ten)