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US: We now expect a 50bps Fed cut in September – Standard Chartered

August non-farm payrolls rose just 22k, well below the 75k consensus; three-month average is now 29k.
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US Treasury Secretary Scott Bessent says the Fed must re-establish its credibility

United States (US) Treasury Secretary Scott Bessent warned that the Federal Reserve (Fed) must re-establish its crediblity and trust with the American people during an interview with the Wall Street Journal, published on Friday.
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