U.S. Employment Data Revision Fuels Federal Reserve Rate Cut Speculation

According to BlockBeats, Michael James, Managing Director of Equity Trading at Rosenblatt Securities, has indicated that the revision of U.S. employment data is bolstering the argument for a Federal Reserve rate cut. The upcoming release of the Consumer Price Index (CPI) on Thursday morning is expected to provide further insights. However, the significant decline in labor force growth suggests that the Federal Reserve may initiate a rate cut cycle later this month. This anticipation has contributed to an overall positive performance in the U.S. stock market this morning.