CITIC Securities: Low Probability of Fed Rate Cut in July

BlockBeats News, July 21, CITIC Securities research report stated that the key employment indicators in the United States include Non-Farm Payrolls, Unemployment Rate, Initial Jobless Claims, Job Openings, etc. From the perspective of multi-dimensional employment data in the United States, the U.S. job market still shows resilience. Although the number of Initial Jobless Claims in the U.S. has risen, the 1-month diffusion index of all private-sector jobs in the U.S. is in a contraction zone, but key indicators such as Non-Farm Payrolls and the Unemployment Rate demonstrate the resilience of U.S. employment. The stabilization of multiple data supports the Fed's decision to observe before cutting rates. The Fed does not need to rush to cut rates, and the probability of a rate cut by the Fed in July is low. (FXStreet)