Institution: Non-farm payrolls report confirms the Fed's soft landing expectations, or the Fed may consider suspending interest rate cuts in November

BlockBeats news, on October 5, Tim Horan, chief information officer of Chilton Trust's fixed income department, said that strong job creation confirmed the Fed's approach and indicated that a soft landing was just around the corner. Horan said that the higher-than-expected 254,000 new non-farm payrolls in September "allowed the Fed to be absolutely pragmatic" and even considered pausing (rate cuts) in November "to digest the election results without worrying about falling behind the curve." With the job market performing quite well, the Fed can calmly adjust monetary policy and understand how elected officials plan to deal with government spending. Horan said that although officials avoided commenting on fiscal policy, "the Fed has to worry about" the ever-expanding national debt. (Jinshi)