Analyst: December non-farm payroll and retail data are the key to the Federal Reserve's actions

Odaily Planet Daily reports that US interest rate strategist Ira Jersey stated that although it is difficult to say that overall data performance is strong, the calm reaction of the interest rate market is not surprising. We are more focused on wage growth — its year-over-year growth has slowed to 3.5%, the lowest level in this cycle. Therefore, the Federal Reserve may still take action, but it will depend on the non-farm payroll and retail sales data in December to determine whether they will move in December. Given the current data lacks a clear trend reversal, we believe long-term interest rates will continue to fluctuate within a range. (Jin10)