Analysis: Employment data revisions drive expectations for Federal Reserve rate cuts

ChainCatcher news, according to Jinshi reports, Michael James, Managing Director of Equity Trading at Rosenblatt Securities, stated that the revision of U.S. employment data further supports the notion of a Federal Reserve rate cut. He pointed out that more information will be obtained from the Consumer Price Index (CPI) on Thursday morning, and the significant decline in labor force growth further indicates that the Federal Reserve will begin its rate cut cycle later this month. This expectation has led to a better overall performance in the stock market this morning.