On December 20th, Chris Iago, an analyst at AXA Investment Management, pointed out that although inflation is above target, the US labor market is showing signs of weakness, which could very well prompt the Federal Reserve to cut interest rates further. "The delayed release of the October and November US non-farm payroll data confirms what has been obvious this year—job growth has stalled," Iago said. He added that investors need to closely monitor US labor market data for further signs of weakness. (Jinshi)
Market analysis: A weak labor market may lead to further interest rate cuts by the Federal Reserve.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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