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Societe Generale: Labor market hot, Fed expected to cut interest rates by 25bp in November

Web reports, Societe Generale said the US labor market report, which exceeded market consensus, firmly pushed the Fed to cut interest rates by 25 basis points in November instead of 50 basis points.。Next week's CPI report probably won't change that view, as the decline in headline inflation should be driven entirely by fuel prices, while core inflation is expected to remain high.。

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