BARCLAYS：美国展望-持仓模式

FICC Research Economics 2 May 2025 US Outlook Holding patterns Tariff crosscurrents continued to complicate the dataflow into April, sending mixed signals about activity amid a strong frontrunning dynamic. This week's combination of solid labor market data and weak GDP is unlikely to draw the Fed from the sidelines. We now assume the next cut will be in July. Another solid month for the labor market... Nonfarm payroll employment posted a solid 177k gain in April (Barclays: 125k; consensus: 138k), confoundin ...