Chris Igou: A Weak Labor Market May Prompt the Federal Reserve to Further Cut Interest Rates

According to Jinshi reports, Chris Igo, an analyst at AXA Investment Managers, pointed out that despite inflation being above target levels, the U.S. labor market shows signs of weakness, which is likely to prompt the Federal Reserve to cut interest rates further. He stated that the delayed release of the October and November U.S. non-farm payroll data confirms that job growth has stalled, and investors need to closely monitor U.S. labor market data for more signs of weakness.