U.S. Labor Market Weakness May Lead to Further Fed Rate Cuts

According to Odaily, Chris Iggo, an analyst at AXA Investment Managers, has highlighted that despite inflation remaining above target levels, the U.S. labor market is showing signs of weakness. This situation is likely to prompt the Federal Reserve to implement further interest rate cuts. Iggo noted that the delayed release of the U.S. non-farm payroll data for October and November confirms a trend that has been evident throughout the year—employment growth has stalled. He emphasized that investors should closely monitor U.S. labor market data for additional signs of weakness.