Institutions: Weak labor market has become a consensus, but it is not enough to prompt the Federal Reserve to take action this month

PANews, January 9th – According to Jinse Finance, Jerry Tempelman, Vice President of Fixed Income Research at Common Capital Management in the United States, stated that due to data interruptions caused by a prolonged government shutdown, today’s employment report provides economists with the most insightful glimpse into the labor market in the past three months. We are watching the elevated unemployment rate—which reached a four-year high in the November employment report—and how it may impact the Federal Reserve’s meeting at the end of the month. The weak labor market backdrop supports the decision for a rate cut by the end of 2025, but does not raise concerns sufficient to support a further rate cut this month.