Saxo Bank: Employment data does not change the outlook for a rate cut by the Federal Reserve in two weeks

ChainCatcher news, Ole Hansen, the head of commodity strategy at Saxo Bank, stated that the employment data did not "change the outlook for a rate cut by the Federal Reserve in two weeks."

Additionally, Bill Eigen, a bond expert at JPMorgan Asset Management, warned the market ahead of the Fed's next meeting that the room for rate cuts may not be as large as it imagines, and central banks should be cautious about cutting rates again in December. He added that this is due to some signs indicating that the U.S. economy is beginning to heat up again, including strong GDP growth, slightly higher-than-expected inflation data from last month, and record stock prices.