布米普特拉北京投资基金管理有限公司：美国劳动力市场现隐忧，美联储9月降息预期升温

Group 1 - The latest Federal Reserve Beige Book report indicates that the current economic growth in the U.S. is below average, with a lack of acceleration in the short term [1] - Businesses are cautious about hiring due to weak sales and uncertainty in trade policies, while the impact of tariffs on inflation remains moderate [1] - Consumer spending across all Federal Reserve districts has either stagnated or declined, primarily because many households' real wage growth has not kept pace with rising prices [1] Group 2 - Several Federal Reserve officials have warned about the employment market outlook, with signs of a slowdown already evident [3] - The market widely expects the Federal Reserve to make a rate cut decision in the upcoming September monetary policy meeting, with a 96.6% probability for a 25 basis points cut [3] - Analysts believe that despite recent inflation increases, officials supporting rate cuts are more concerned about the risks of a deteriorating labor market [4]