Kevin Swift: Weak US job market could prompt Fed to cut interest rates
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最新报道：According to Bijie.com, Kevin Swift, senior economist at ICIS Global Chemicals, stated that the latest US CPI report will make the Federal Reserve's interest rate decision "more challenging." He noted that the Fed is likely to cut interest rates at its September meeting due to a weak job market. Although wages grew 3.9% year-over-year in August, the growth rate is slowing, which will weaken real income growth and support for consumer spending. Meanwhile, initial unemployment claims increased to their highest level since October 2021, which Swift believes could signal increased layoffs and a weakening labor market.
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