Tim Holland: Weak US June employment data lowers expectations of interest rate hikes

According to Golden Ten Data on July 2nd, Tim Holland, Chief Investment Officer of Orion Advisor Solutions, stated that the United States added 57000 new jobs in June, lower than Wall Street's expectation of 115000. The weak employment report lowered expectations of interest rate hikes, giving the Federal Reserve time to observe inflation. AI interpretation: The significant slowdown in employment growth directly reflects the cooling demand in the labor market, which weakens the risk of economic overheating. The Federal Reserve has gained greater breathing space in tightening policies, and the necessity of raising interest rates has diminished accordingly. The market's expectation of a shift in monetary policy has been strengthened, and the flow of funds will tilt towards safe haven assets. This data marks the beginning of a substantial observation and stagnation phase in the tightening cycle.