[CITIC Securities: Uncertainty Remains Over Whether the Fed Will Cut Rates in December]
CITIC Securities' research report pointed out that the U.S. September non-farm payroll data showed mixed results, leaving uncertainty over whether the Federal Reserve will cut rates in December. Non-farm payrolls increased by 119,000 in September, exceeding the expected 51,000, but the combined data for July and August was revised downward by 33,000. The unemployment rate and the number of permanently unemployed individuals rose. The October non-farm data faces the issue of permanent vacancies, and it is expected that the U.S. labor market will remain under pressure. The Federal Reserve may still have room for rate cuts next year.