U.S. Interest Rate Market Reacts to Wage Growth Trends

According to Odaily, U.S. interest rate strategist Ira Jersey has commented on the recent market reactions, noting that while overall data performance is not particularly strong, the subdued response from the interest rate market is not unexpected. Jersey emphasized the importance of wage growth, which has slowed to an annual rate of 3.5%, marking the lowest point in the current cycle. Despite this, the Federal Reserve may still take action, but any decisions are likely to be influenced by December's non-farm payroll and retail sales data. Given the current lack of a clear trend shift in the data, long-term interest rates are expected to continue fluctuating within a range.