刚刚！美联储，降息大消息！

Core Viewpoint - The U.S. labor market shows signs of weakness with November non-farm payrolls increasing by 64,000, which is better than the expected 45,000, but the unemployment rate unexpectedly rose to 4.6% from 4.4% in October, indicating ongoing volatility in the job market [1]. Group 1: Employment Data - November non-farm employment increased by 64,000, surpassing expectations, while October saw a decline of 105,000, marking the largest drop since the end of 2020 [1]. - The unemployment rate rose to 4.6% in November, higher than the anticipated 4.5%, reflecting challenges in the job market as layoffs increase and many unemployed individuals struggle to find new jobs [1]. Group 2: Federal Reserve Response - The Federal Reserve has cut interest rates for the third consecutive time, with Chairman Powell indicating this is to support a "gradually cooling" labor market and acknowledging "significant" downside risks [1]. - Analysts suggest that the recent employment data, despite being better than expected, may not significantly alter market expectations for further rate cuts, as the data is influenced by special circumstances such as the government shutdown [9]. Group 3: Market Reactions - Following the release of the employment report, U.S. stock futures initially surged but later retraced gains, while the dollar remained weak [3]. - Market participants continue to bet on the Federal Reserve making two rate cuts in 2026, indicating a cautious outlook on the economy despite the recent employment figures [9]. Group 4: Analyst Perspectives - Analysts express caution regarding the employment data due to potential distortions from the government shutdown, suggesting that the Federal Reserve may not place significant weight on this report [9]. - There is a consensus among some analysts that the labor market is cooling, which may support further monetary easing, with expectations that the number of rate cuts next year could exceed the one currently indicated by the Fed's dot plot [11].