美劳动市场若进一步表现疲弱， 或会促使美联储提早启动减息周期

Group 1 - The core view is that the robustness of the U.S. labor market is now in question following the downward revision of employment data for May and June by a total of 258,000 jobs, marking the largest consecutive downward revision outside of the pandemic period [1] - The newly reported job additions for May and June were both below 20,000, which may prompt the Federal Reserve to reassess its policy direction [1] - The initial baseline forecast suggested that the Federal Reserve would maintain interest rates unchanged for the remainder of 2025, but any further signs of weakness in the labor market or economy could lead to an earlier interest rate cut cycle [1]