Market Analysis: Weak Labor Market Could Lead to Further Fed Rate Cuts

BlockBeats News, December 20th, Anxin Investment Management analyst Chris Yoo pointed out that despite inflation being above the target level, the U.S. labor market is showing signs of weakness, which is likely to prompt the Federal Reserve to further cut interest rates. "Delayed release of October and November U.S. non-farm payroll data confirms what has been evident throughout this year—job growth has stalled." Yoo stated that investors need to closely monitor U.S. labor market data to look for more signs of weakness. (Golden Finance)