The Fed is expected to cut interest rates by 25bps for the first time at the September FOMC meeting / As far as the eye can see

According to jin10.com, the CITIC Securities Research Report pointed out that the number of new non-farm payrolls in the United States in July 2024 was lower than expected. The previous revision of the previous value of new non-farm payrolls, the rise in the unemployment rate, and the slowdown in wage growth all show that the United States labor market continues to cool, but the marginal change is not large in the historical data, the unemployment rate of 4.3% is still a historically low level, and due to the increase in labor supply and weather factors, the data will not be over-interpreted. July’s non-farm payrolls data may be out of the Fed’s “sweet spot” but not out of the “comfort zone”, and the “recession trade” is not the same “Recession”, the Fed is expected to cut interest rates by 25bps for the first time at the September FOMC meeting, and there is room for 50–75bps of interest rate cuts throughout the year, and the 10Y U.S. Treasury yield will run in the range of 3.5–4.2% this year. (PANews report)

据金十报道，中信证券研报指出，2024年7月美国新增非农就业人数低于预期。新增非农就业人数前值下修、失业率上升、薪资增速放缓等各项数据均显示美国劳动力市场继续降温，但边际变化在历史数据中并不算大，4.3%的失业率仍是历史低位水平，且有劳动力供给增加和天气因素的影响，数据不至被过度解读。7月的非农就业数据或脱离美联储的“甜点位”但并未脱离“舒适区”，且“衰退交易”不等于“经济衰退”，预计联储将于9月FOMC会议首次降息25bps，全年有50–75bps的降息空间，年内10Y美债收益率将在3.5–4.2%区间运行。(PANews报导)

Since the beginning of this year, the war and the poor economic prospects of major countries have affected the national industries of all countries, including inflation, the increase in unemployment, coupled with the continuous global heat island effect in recent years, and the uncertainty of the transformation of the digital industry brought about by AI, panic and anxiety are also entrenched in the people’s consciousness. However, this is the singularity of “this is the best of times and the worst of times”, and I hope that everyone can see what they want to see, and the dawn of humanity is not far away. (SDChain report)

今年以来战争和大国经济前景不佳影响，各国的全民产业都有影响到，包括通货膨胀、失业率增加，再加上近年持续的全球热岛效应，以及AI所带来的数字产业转型不确定性，恐慌和焦虑也盘据在人民意识里。不过，这就是那个“这是最好的时刻，同时也是最坏的时刻“的奇点，希望各位都看到各自所想看到的，人性的曙光就在不远处。(SDChain报导)

SixDomainChain (SDChain) is the world’s first decentralized public blockchain ecosystem that integrates international standards of IoT Six-Domain Model and reference architecture standards for distributed blockchain.

SDChain六域链位于台湾，SDChain IoT Inc. (SDI)是国际六域链联盟的技术商转主体企业。以企业客户为中心，SDI实现区块链产品开发及全球代理商通路建置。