CITIC Securities: Low probability of Fed interest rate cut in July

According to BlockBeats news, on July 21st, CITIC Securities Research reported that important employment indicators in the United States include new non farm employment, unemployment rate, number of people applying for unemployment benefits, and number of job vacancies. From the multidimensional data of employment in the United States, the current job market still has resilience. Although the number of people applying for unemployment benefits in the United States has increased and the one month private sector employment diffusion index in the United States is in a contraction range, key indicators such as the number of new non farm jobs and unemployment rate show the resilience of US employment, and more data is stabilizing to support the Federal Reserve's decision to lower interest rates after observation. The Federal Reserve does not need to rush to cut interest rates, as the probability of a rate cut in July is low. (Golden Ten)