Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
CICC Research Report: Non-agricultural data supports the Fed to continue to cut interest rates

CICC Research Report: Non-agricultural data supports the Fed to continue to cut interest rates

CointimeCointime2024/12/10 01:11
By:Cointime

a research report by Zhongjin Securities stated that after being severely hindered by hurricanes and strikes, the number of new jobs added in the United States in November increased significantly to 227,000, but the unemployment rate also rose to 4.2%, indicating that the labor market is slowing down. Overall, the labor market is still in a state of "weakening employment growth momentum, but the employment market itself is not weak", which will provide a reason for the Federal Reserve to cut interest rates again in December.

However, it is also predicted that the Federal Reserve will slow down its interest rate cuts by 2025, as decision-makers will become more cautious as interest rates approach neutral levels. One risk of the forecast is the impact of Trump's immigration policy on the labor market, which is currently leaning towards a moderate impact, but extreme situations need to be closely monitored. Based on non-farm data, it is believed that the Federal Reserve is expected to cut interest rates by 25 basis points again this month.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Elon Musk slams SEC as ‘broken’ over ‘artificially’ created $150 million Twitter stock windfall

SEC claims Musk's delayed Twitter disclosure saved him $150 million and hurt retail investors.

CryptoSlate2025/01/15 21:22

MicroStrategy's preferred MSTR issuance seeks 'returns and volatility' at 1.5x bitcoin, Saylor says

MicroStrategy Executive Chairman Michael Saylor spoke Jan. 13 at a Benchmark-hosted investor meeting in Orlando.The company plans to raise up to $2 billion in the first quarter of 2025 by issuing perpetual preferred stock.

The Block2025/01/15 20:22