CITIC Securities: The US labor market remains resilient, and the probability of a Federal Reserve rate cut in July is low

ChainCatcher news, according to Jinshi Data reports, CITIC Securities research report states that important employment indicators in the United States include new non-farm payrolls, unemployment rate, number of unemployment claims, and job vacancies. From the multi-dimensional data of the U.S. employment market, it appears that the U.S. job market still has resilience.

Although the number of unemployment claims in the U.S. has increased, the employment diffusion index for all private sectors in the U.S. has been in the contraction zone for one month, key indicators such as new non-farm payrolls and unemployment rate show the resilience of U.S. employment, with more data stabilizing to support the Federal Reserve's decision to lower interest rates after observation.

The Federal Reserve does not need to rush to cut interest rates, and the probability of a rate cut in July is low.