Reported 11 months ago
According to the recent U.S. May non-farm payroll report, job growth far exceeded expectations, leading the market to believe that it may eliminate hopes for a Fed rate cut in September and delay it until December. Despite this, the uncertainty is heightened as the unemployment rate rose from 3.9% to 4%, breaking a 27-month streak. Analysts are optimistic about the economic outlook, attributing recent unexpected softness to normalization following last year's overheating period, with the focus now shifting to next week's CPI data to predict the Federal Reserve's interest rate adjustments.
Source: YAHOO