I think the Fed should have cut the interest rate in July.
The unemployment rate is higher than the forecast. It's 4.3%. I think the Fed was late. The shadow of a next recession is falling.
The U.S. Nonfarm Payrolls is not exceptional as well. The U.S labor market is getting weaker.
Some market participants anticipate that there will be a big cut in the next FOMC meeting. I really hope that the soft landing is successful 🙏 Cause, if there's a recession next year, it will be terrible for most asset markets. No one wants to see it.
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