#初请失业金数据公布 The continuous rise in the number of initial jobless claims in the United States indicates that there are signs of deterioration in the U.S. labor market. This is also confirmed by the weakness of the latest ADP employment data.

On one hand, there is the weakness in the job market; on the other hand, the inflation rate of the U.S. economy is steadily declining. This seems to support the Federal Reserve in restarting the interest rate cuts process as soon as possible.
However, Federal Reserve Chairman Powell has repeatedly emphasized that President Trump's tariff policy could lead to a rebound in inflation for the U.S. economy, which is why the Federal Reserve remains cautious about monetary policy.
According to media reports, during a recent meeting, President Trump once again urged Powell to cut interest rates, but Powell still insisted on a wait-and-see approach to monetary policy, and the two parted ways unhappily.
If the Federal Reserve continues to remain inactive in monetary policy for an extended period, the relatively high level of the U.S. federal funds rate will only impose a heavier credit burden on the real economy in the United States, and the downward trend of the U.S. economy is also likely to continue.