Analysts: December non-farm payrolls and retail sales data will be key to the Fed's actions.

U.S. interest rate strategist Ira Jersey stated that while it's difficult to call the overall data strong, the muted reaction in the interest rate market was not surprising. We are more focused on wage growth—its year-on-year growth has slowed to 3.5%, the lowest level in this cycle. Therefore, the Fed may still take action, but we need to see the December non-farm payroll and retail sales data to determine whether it will act in December. Given the current lack of a clear trend shift in the data, we believe long-term interest rates will continue to fluctuate within a range. (Jinshi)