Mizuho Bank: The Federal Reserve has been "slapped in the face" by reality, and the easing cycle is about to begin

Mizuho Bank: The U.S. non-farm payrolls in August confirmed the weakening labor market. The Federal Reserve is certain to cut interest rates in September, possibly by 25 or 50 basis points, with the goal of lowering interest rates to around 3% by 2026.