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CITIC Securities: Federal Reserve Expected to Cut Interest Rates Again at September Meeting
Summary: According to Jinshi data, CITIC Securities research report stated, 'In June 2025, the US added more non-farm jobs than expected, with the unemployment rate lower than expected. However, this non-farm report actually shows the US job market continuing to weaken. We still believe that the US job market's 'cushion' is limited, and the job market ...
According to Jinshi data, CITIC Securities research report stated, 'In June 2025, the US added more non-farm jobs than expected, with the unemployment rate lower than expected. However, this non-farm report actually shows the US job market continuing to weaken. We still believe that the US job market's 'cushion' is limited, and the job market will continue to weaken, with the unemployment rate likely to accelerate.'
However, with a 4.1% unemployment rate in June, Powell has more 'reasons' to observe the impact of summer tariffs on inflation. We maintain our previous view and expect the Federal Reserve to cut interest rates again at the September meeting.'
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Link: CITIC Securities: Federal Reserve Expected to Cut Interest Rates Again at September Meeting [Copy]
