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Huatai Securities: Maintains Judgment of Fed's Two Preventive Rate Cuts in September-December

Summary: Huatai Securities stated that despite the better-than-expected June non-farm data, the probability of a Fed rate cut in July has further decreased. However, considering the drag on third-quarter job growth from tariffs and immigration slowdown, we maintain our judgment of two preventive rate cuts by the Fed in September-December.

Huatai Securities stated that despite the better-than-expected June non-farm data, the probability of a Fed rate cut in July has further decreased. However, considering the drag on third-quarter job growth from tariffs and immigration slowdown, we maintain our judgment of two preventive rate cuts by the Fed in September-December.

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Link: Huatai Securities: Maintains Judgment of Fed's Two Preventive Rate Cuts in September-December [Copy]

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