<p>TS Lombard Chief U.S. Economist Steven Blitz: The non-farm data has eliminated all doubts about &#34;a 25 basis point rate cut in November and another 25 basis points in December.&#34; It is expected that the Federal Reserve will lower the interest rate to a range of 4%-4.25%, and then hold steady, which will be 75 basis points lower than the current FOMC benchmark rate. The Federal Reserve will take the downward revision of the August and September data seriously</p>

<p>TS Lombard's Chief U.S. Economist Steven Blitz stated that the non-farm data has dispelled concerns about the Federal Reserve lowering interest rates in November and December, expecting rates to be reduced to the range of 4%-4.25%, 75 basis points lower than the current benchmark rate. At the same time, the Federal Reserve will pay attention to the downward revision issues of the data from August and September</p>

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