Huatai Securities: Better-than-expected June nonfarm payrolls temporarily ease short-term Fed rate hike pressure
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The June non-farm payroll report eased market concerns about overheating in the US labor market. Leading indicators suggest that employment levels in the coming months will hover around the balanced range of 0–50,000. The outlook remains that the Federal Reserve will keep interest rates unchanged in the second half of the year, and may need to raise rates next year.
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