JPMorgan: Without the US Non-farm Payrolls (NFP), the Fed can also confidently cut interest rates in October.

On October 3, according to foreign media reports, due to the government shutdown, the U.S. Bureau of Labor Statistics is not expected to release the non-farm payroll report on Friday. However, several recent private sector indicators show that hiring was weak in September, layoffs were limited, wages grew moderately, and labor demand eased. The data is generally consistent with the low hiring and low layoffs seen before the government data suspension. Michael Feroli, chief U.S. economist at JPMorgan, said: "Even without the non-farm payroll report, we can get a rough understanding of the labor market situation. Given everything we see, I think the Fed can confidently cut rates later this month."