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Tonight's expectations for interest rate cuts and the independence of the Federal Reserve are being tested. Felipe Villarroe, a partner in portfolio management at TwentyFour Asset Management, stated that the U.S. non-farm payroll data for August will affect short-term interest rates and the market's perception of the Federal Reserve's decisions. If the market believes that decisions are influenced by politics, long-term bonds will react negatively. A Wall Street Journal survey showed that analysts expect an increase of 75,000 non-farm jobs in August.
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