盛宝集团：本周数据可能令美国利率重新定价

Core Viewpoint - The market is viewing this week as a small "reset" of the U.S. macro narrative, with employment and inflation data set to be released in a narrow timeframe, potentially leading to a rapid repricing of interest rates [1] Group 1: Interest Rate Expectations - The Federal Reserve lowered interest rates last week and is expected to lower them again in 2026, but the market anticipates at least two more rate cuts next year [1] - If the data is mixed or slightly weaker than expected, the narrative of a soft landing will remain intact, but it may not be sufficient to trigger a significant risk-on sentiment [1] Group 2: Risks and Market Reactions - The real risk lies in a hawkish surprise; if inflation or employment data comes in hotter than expected, yields will rise, impacting risk assets, particularly long-duration growth stocks [1]