Institution: Strong US non-farm data indicates that the Federal Reserve will implement a smaller interest rate cut next week

Joe Davis, Chief Economist at Vanguard, believes that the Federal Reserve is expected to choose a 25 basis point interest rate cut at next week's policy meeting, especially if the US non-farm employment data shows a stable employment market. Tonight's employment report is the last important economic indicator before the Federal Reserve makes a decision next week. Despite the impact of Hurricane Helen and the Boeing strike, the labor market is expected to remain strong.