摩根大通 - 全球数据观察-JPM-Global Data Watch

J P M O R G A N Global Economic Research 29 August 2025 Global Data Watch A delicate balance Enormous political pressure is being placed on the Federal Reserve to ease, but their guidance towards a September cut owes primarily to concerns about softening labor demand. At Jackson Hole, Chair Powell echoed our view that weak job growth sends a stall speed alert, and Governor Waller amplified this message this week, arguing that "labor demand may be on the edge of a sharp decline." A near stall in private sect ...