TechFlow News, October 5 — According to Jinshi Data, Tim Horan, Chief Information Officer of the Fixed Income Division at Chilton Trust, said strong job creation confirms the Federal Reserve's approach, indicating that a soft landing is within reach. Horan stated that September's higher-than-expected addition of 254,000 nonfarm jobs "enables the Fed to be absolutely pragmatic," even considering a pause in rate cuts in November "to digest election outcomes without worrying about falling behind the curve." With the labor market performing quite well, the Fed can从容ly adjust monetary policy while assessing how elected officials plan to manage government spending. Although officials avoid commenting on fiscal policy, "the Fed has to worry" about the growing national debt, Horan added.
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