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CITIC Securities: US Job Market Shows Resilience, Low Probability of Fed Rate Cut in July
Summary: According to Jinshi data, CITIC Securities research report stated that important US employment indicators include non-farm payroll numbers, unemployment rate, initial jobless claims, and job vacancies. Multiple data points indicate that the US job market still shows resilience. Despite a slight increase in initial jobless claims and a contraction in the private sector employment diffusion ...
According to Jinshi data, CITIC Securities research report stated that important US employment indicators include non-farm payroll numbers, unemployment rate, initial jobless claims, and job vacancies. Multiple data points indicate that the US job market still shows resilience. Despite a slight increase in initial jobless claims and a contraction in the private sector employment diffusion index, key indicators such as non-farm payroll numbers and unemployment rate demonstrate the resilience of the US job market. The stability in various data supports the Fed's decision to observe before cutting rates. The Fed is not in a rush to cut rates, with a low probability of a rate cut in July.
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Link: CITIC Securities: US Job Market Shows Resilience, Low Probability of Fed Rate Cut in July [Copy]
