Zhao Yin International: It is expected that the United States will cut interest rates once in June next year, and the economic growth CKH HOLDINGS unemployment rate may stabilize.

CITIC Securities International released a research report stating that it is expected that the US economic growth rate and unemployment rate in 2026 may stabilize, inflation may first decrease and then increase, and the Federal Reserve may cut interest rates once in June. The bank stated that in October, there was a significant decline in non-agricultural employment in the United States, as the end of government contract buyouts at the beginning of the year was approaching, while private employment continued to expand. Non-agricultural employment rebounded in November and exceeded market expectations, but was mainly concentrated in a few industries such as construction, healthcare, and education services, with the unemployment rate unexpectedly rising to 4.6%, reaching a near four-year high. Due to the government shutdown, some data was missing in October, leading to significant noise in the non-agricultural employment data, and the response in the currency market was moderate. The overall job market is weakening, but has not deteriorated significantly. The number of initial and continued claims for unemployment benefits slightly improved, the service sector PMI employment index and the number of job postings on the Indeed website have rebounded, indicating that the job market still has resilience.