ChainCatcher News, according to Jintou Data, a research report from CITIC Securities states, "In June 2025, the increase in non-farm payrolls in the United States exceeded expectations, and the unemployment rate was lower than anticipated. However, this non-farm report actually indicates that the U.S. job market continues to weaken. We still believe that the 'buffer' in the U.S. labor market is limited, and as the job market continues to deteriorate, the unemployment rate may rise more rapidly."
However, the 4.1% unemployment rate in June gives Powell more 'reason' to observe the impact of summer tariffs on inflation. We maintain our previous view and expect the Federal Reserve to cut interest rates again at the September FOMC meeting."