Goldman Sachs: Non-farm data shows that the Fed will continue its easing cycle next week

BlockBeats news, November 1, strikes and hurricanes affected this month's non-farm payrolls data, with job growth unexpectedly declining and the unemployment rate remaining unchanged. While the Fed may attribute some of the weakness in today's data to one-off factors, the weakness in today's data suggests that the Fed will continue its easing cycle at next week's meeting. The data is worrying, and the possibility of a 25 basis point rate cut in November has increased. (Jinshi)