According to Jinshi Data, CITIC Securities Research Report pointed out that the US job market remains resilient. Although the number of people applying for unemployment benefits has increased and the private sector employment diffusion index has shrunk, key indicators such as new non-agricultural employment and unemployment rate have shown a stable trend.
The research report believes that these data support the Fed's decision to consider cutting interest rates after observation, and the probability of the Fed cutting interest rates in July is low.