CITIC Securities: It is expected that the Federal Reserve will cut interest rates by about 50 basis points in 2026

According to Jinshi reports, a research report from CITIC Securities pointed out that in December 2025, the seasonally adjusted non-farm payrolls in the United States increased by 50,000, lower than the expected 65,000. The structure of non-farm employment growth in December remains poor, mainly concentrated in the healthcare, education, and leisure hotel industries.

Overall, the employment market data for December in the United States indicates that employment remains weak, and it is expected that the Federal Reserve may cut interest rates by about 50 basis points in 2026.