- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
ICIS Global Economist: US Weak Job Market Overshadows Inflation Heat, Expects Fed to Cut Rates Next Week
BlockBeats News, September 12th, ICIS Global Chemicals Senior Economist Kevin Swift stated that the latest CPI report in the United States will make the Federal Reserve's interest rate decision "more challenging."
Swift said that nevertheless, due to a weak job market, the Fed may cut interest rates at the September meeting. Swift stated that despite a 3.9% year-on-year increase in wages in August, the growth rate is slowing, which will weaken real income growth and support for consumer spending. At the same time, initial jobless claims rose to the highest level since October 2021.
Swift said, "This may be the beginning of an increase in layoffs and a trend of labor market weakness. In another week or two, the situation will become clearer." (IG)
You may also like
Gainers
Latest Crypto News
Wall Street Analyst Warning: This Year's "Santa Claus Rally" May Be Absent as Investors Buy More Downside Protection
The market is widely betting that Haslet will be elected the new Federal Reserve chair.
Yearn: yETH Vault Exploited in a Sophisticated Attack, Event Similar to Previous Balancer Incident
The Wise Investor invested $179,800 in PIPPIN one month ago, and now has an unrealized gain of $1,350,000.
「HYPE Listing Insider Whale」's 5x HYPE Long Position is currently at a $10.87 million unrealized loss
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：[email protected]
VIP Services：[email protected]
App