Several Wall Street investment banks have adjusted their predictions for a Fed rate cut due to the unexpectedly poor non-farm payroll data.

Odaily Star Planet Daily News According to non-farm data, multiple Wall Street investment banks adjusted their expectations for Fed interest rate cuts, among which: Goldman Sachs: The expectation of the Federal Reserve cutting interest rates by 25 basis points this year has been increased to three times, and the possibility of a 50 basis point cut in September cannot be ruled out. Citibank: The Fed will cut interest rates by 50/50/25 basis points in September, November, and December, respectively, compared to the previous expectation of 25 basis points each. Bank of America expects the Fed to start cutting interest rates by 25 basis points in September, compared to previous expectations of December. 4. JPMorgan: The Fed is expected to cut interest rates by 50 basis points in September and November, and then by 25 basis points at each subsequent meeting.