According to BlockBeats, on September 9, CICC's research report pointed out that the decline in the U.S. unemployment rate in August reflected a reversal of temporary unemployment, which was in line with expectations, but the slowdown in new non-farm payrolls indicated that companies' demand for labor was also decreasing.
The good news is that there are no signs of large-scale layoffs, and the number of people applying for unemployment benefits remains low, which means that the labor market is still stable and has not "fallen off a cliff."
Looking ahead, the US economy is still expected to achieve a soft landing, but the Fed must also take action. The Fed is more likely to cut interest rates by 25 basis points in September, and may also increase the rate cuts after that depending on the situation.
