Morgan Asset Management: The Fed will not cut interest rates urgently, there is a possibility of a 50 basis point rate cut in September

Following the significant market movement triggered by last Friday's US non-farm payroll report, Morgan Asset Management stated that its base case scenario remains a soft landing for the US economy, while not expecting the Federal Reserve to cut interest rates urgently before the regular meeting. Kim Crawford, fixed income portfolio manager at Morgan Asset Management, mentioned that this report may have some "noise," and subsequent data releases may show a very gradual slowdown in the labor market. "If by the September Fed meeting, there is no overall improvement in the labor market, then from a risk management perspective, a 50 basis point rate cut may become an option," she stated