TechFlow news, September 6 — According to Jinshi News, Mizuho Bank stated that the U.S. August nonfarm payrolls report further confirms the weakening trend in the labor market, with employment, hours worked, and income growth returning to levels seen during the pandemic. The Fed is almost certain to cut interest rates by 25 basis points at its September meeting, and if August inflation comes in weaker than expected, a 50-basis-point cut becomes more likely. A sustained easing cycle is expected to begin, aiming to bring interest rates down to around 3%.
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