The U.S. job growth has significantly slowed, supporting expectations for the Federal Reserve to cut interest rates this year

ChainCatcher news, according to Jinshi Data, on July 5, the latest data shows that the U.S. labor market is gradually cooling, supporting expectations for interest rate cuts later this year. This data is consistent with other employment reports this week, indicating a significant decrease in job vacancies and an increase in unemployment claims. The dual slowdown in employment and inflation supports the market's bets on the Federal Reserve cutting rates as early as September. This employment report is the last one before the Federal Reserve officials meet later this month, and the market expects the Fed to cut rates twice this year.