Will interest rates continue to be cut in November?

The next non-farm payrolls are important! Morgan Stanley: Will determine whether there will be another 50 basis point rate cut in November.

JPMorgan Chase was one of the Wall Street investment banks that correctly expected the Federal Reserve to cut interest rates by 50 basis points this week. The company said that another big rate cut depends on the weakening of the US labor market.

Michael Feroli, chief US economist at JPMorgan Chase, insisted that the Federal Reserve will cut interest rates by another 50 basis points in November, but he said that whether his view will take effect will depend on the results of the upcoming employment report. Since August 2, he has been calling for the Fed to cut interest rates by 50 basis points at this week's FOMC meeting, even after one of his peers abandoned a similar bet. #BTC #ETH