🚀 Fed Signals Cautious Approach to Easing Cycle, Says JPMorgan Strategist
#FederalReserve #JPMorgan #InterestRates #EasingCycle #EconomicStability #EmploymentFirst #RateCuts #FinancialMarkets
According to BlockBeats, on September 19, Kerry Craig, a global market strategist at JPMorgan Asset Management, stated in a report that the Federal Reserve has indicated a more cautious approach to the easing cycle. Craig noted that Federal Reserve Chair Jerome Powell has effectively communicated by balancing the urgency of returning to a neutral interest rate with acknowledging the relatively stable economic state.
Craig added that the focus has shifted more towards an employment-first approach rather than inflation. The scale of rate cuts may be less significant than the ultimate goal, which is to lower rates by 150 basis points by the end of 2025 and adjust the policy rate closer to the Fed's neutral view by 2026. Craig mentioned that if nominal growth and the easing cycle remain stable, both stocks and bonds should benefit.#FederalReserve #JPMorgan #InterestRates #EasingCycle #EconomicStability #EmploymentFirst #RateCuts #FinancialMarkets
🚀 China Implements Employment-First Strategy To Promote High-Quality Employment
#China #EmploymentFirst #HighQualityEmployment #EmploymentGuidelines #JobSurvey #EmploymentRisks #UnemploymentPrevention #EmergingTechnologies #ArtificialIntelligence
According to PANews, the Central Committee of the Communist Party of China and the State Council have issued guidelines on implementing an employment-first strategy to promote high-quality and sufficient employment. The guidelines emphasize the importance of preventing and mitigating major risks in the employment sector. A comprehensive statistical monitoring system for high-quality and sufficient employment will be established, along with a job survey system to conduct timely evaluations of employment quality. The guidelines also call for the improvement of mechanisms to prevent and resolve large-scale unemployment risks, including enhanced monitoring, policy reserves, and emergency response measures. Regions with the necessary conditions may set up employment risk reserve funds to effectively address significant risks in the employment sector. Additionally, the guidelines highlight the need to proactively address the impact of rapidly developing emerging technologies, such as artificial intelligence, on employment.#China #EmploymentFirst #HighQualityEmployment #EmploymentGuidelines #JobSurvey #EmploymentRisks #UnemploymentPrevention #EmergingTechnologies #ArtificialIntelligence