According to reports from Jinshi Data, Citic Securities' research report points out that the U.S. labor market remains resilient. Although the number of people applying for unemployment benefits has increased and the private sector employment diffusion index has contracted, key indicators such as new non-farm payrolls and the unemployment rate show a stable trend.
The research report believes that this data supports the Federal Reserve's decision to observe before considering interest rate cuts, and the probability of a rate cut in July is low.