CITIC Securities: It is expected that the Federal Reserve will pause interest rate cuts in January next year

According to Jin Shi reports, CITIC Securities research report states that the number of new non-farm jobs in the U.S. in October decreased significantly, with some federal government employees who accepted the "delayed resignation" plan dropping out of the payroll, leading to a drag on the overall reading from the government sector.

If the unemployment rate does not continue to rise in December, CITIC Securities expects the Federal Reserve to pause interest rate cuts in January next year, with one more potential 25 basis point cut in the remaining two meetings.