ChainCatcher news, according to Jinshi reports, data from the U.S. Department of Labor shows that the number of initial jobless claims decreased last week, indicating that despite a cooling job market, the U.S. economy has avoided large-scale layoffs. The number of continuing unemployment claims reached its highest level in three years.Since the beginning of this year, labor market data has shown mixed signals, complicating the Federal Reserve's interest rate decisions as it balances employment and inflation targets.

According to ChainCatcher news, as reported by Jinshi, Federal Reserve Governor Waller stated that several scenarios will determine the pace of interest rate cuts, which will depend on the data. If the data performs well, it is conceivable to cut rates by 25 basis points at the next meeting or the following two meetings. If the labor market deteriorates, a consideration of a 50 basis point cut may be on the table, and if inflation data shows a reversal, it may support the view of pausing rate cuts.

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Yellen declined to comment on when U.S. interest rates might be lowered, only stating that all signs indicate robust consumer and investment spending, and that the U.S. has a good, healthy job market. U.S. mortgage rates have decreased, and there may be further room for reduction.