vpower777freecredits|美国4月就业数据意外走软，降息或提前至9月

Reporter Cui Puyu

Data released by the U.S. Department of Labor Bureau of Labor Statistics on Friday showVpower777freecreditsIn April, non-farm payrolls increased by 17%Vpower777freecredits.50, 000, much lower than the expected figure of 240000. The unemployment rate rose to 3.9%, up 0.1 percentage points from last month.

The unexpectedly weak employment data ignited the expectation that the Fed would have to cut interest rates ahead of schedule, and the three major indexes of US stocks collectively opened higher. By the close, the Dow was up 1.18% at 38675.68, the S & P was up 1.26% at 5127.79, and the NASDAQ was up 1.99% at 16156.33.

For those who want to cut interest rates early, the slowdown in employment growth is good news, and the weak wage growth data is even more good news. But there is no trend in one month, and the Fed may need to see a slowdown for several months and stack better inflation data before it can consider cutting interest rates as soon as possible. " Olu Sonora, head of US economic research at Fitch Ratings, said in a research paper.

Seema Shah, chief global strategist at Principal Asset Management, pointed out that this is the jobs report that the Fed would like to see, and the first unexpected decline in employment in months and a slowdown in average hourly wage growth have rekindled hopes for interest rate cuts.

Two days before the jobs data, the Fed again announced that it would keep the target range of the federal funds rate at 5.25% to 5.5%. The job market is strong, but inflation remains high, especially the lack of further progress in meeting the 2% inflation target in recent months, the Fed said in a policy statement.

Futures market data show that after the release of the non-farm payrolls report in April, traders are likely to cut interest rates twice by the end of 2024, one more than two days ago.

The latest data from FedWatch, a Chicago Mercantile Exchange Fed watchdog, show that investors expect the Fed to cut interest rates by at least 25 basis points in September at 69.4%, up 15.8% from two days ago, and 61.8% more likely to cut at least 25 basis points in December.

The employment report also showed that the year-on-year wage increase in April was lower than expected and the average hourly wage rose 3.9% year-on-year, 0.1 percentage points lower than expected and 0.2 percentage points lower than last month.

The Labor Department also revised up the March employment data to 315000, an increase of 12000 from the initial figure, and revised February's increase to 236000, a decrease of 34000.