The "inflation worry faction" of the Federal Reserve may support interest rate cuts after the weak non-farm payrolls in August

ChainCatcher news, according to Jinshi reports, although the three-month average of U.S. job growth is only 35,000, Pepperstone's research director Chris Weston stated that Federal Reserve policymakers, especially those concerned about core PCE deviating from the 2% target, will only support an "insurance rate cut" after the August non-farm data, which will be released on September 5, shows further weakness.

He pointed out that the credibility of the Federal Reserve is being tested, and with core PCE expected to exceed the target by 100 basis points, a rate cut in September will be a difficult decision.