Russell: US June employment data may make inflation the main driver of Federal Reserve policy

Golden Ten Data reported on July 1 that BeiChen Lin, Senior Investment Strategist at Russell Investments, stated in a report that U.S. employment growth in June is expected to remain strong, which means inflation may continue to play a dominant role in determining the Federal Reserve's policy path. He said: "If the labor market remains robust, inflation is likely to become the key factor influencing the Federal Reserve's next move." He added that, given the recent increase in merger and acquisition activity, IPOs, and debt issuance, one point worth watching is whether employment growth in the financial services sector is accelerating. The related data will be released on Thursday.