The nonfarm payroll data reinforces Waller and Bowman's case for a rate cut: the labor market is showing signs of weakness.
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最新报道：According to a report by Jinshi.com, on August 1st, US labor data showed support for calls for looser monetary policy, leading to a decline in Treasury yields and the US dollar. The 10-year Treasury yield was 4.295%, and the 2-year Treasury yield was 3.801%. US employment increased by only 73,000 in July. The unemployment rate rose slightly from 4.1% to 4.2%. Meanwhile, previous data were significantly revised downward: May's job growth was revised down from 144,000 to 19,000, and June's job growth was revised down from 147,000 to 14,000. Before the release of the jobs report, dissenting Federal Reserve Governors Waller and Bowman noted signs of labor market weakness. The US dollar reacted sharply to the jobs data.
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