TechFlow news, according to Jinshi Data, on July 5, the latest data showed that the U.S. labor market is gradually cooling, supporting expectations for interest rate cuts later this year. This data aligns with other employment reports this week, showing a significant decline in job openings and an increase in unemployment benefit claims. The simultaneous slowdown in employment and inflation has strengthened market bets on a Fed rate cut as early as September. This employment report is the last one before Federal Reserve officials meet later this month, and markets expect the Fed to cut rates twice this year.
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