Analysts: Solid US employment base in January is a boon for risk assets.
PANews reported on February 12th that, according to Jinshi, Jeff Schulze of Clearbridge Investments noted in a report that the US January labor market data was positive for risk assets, as the data showed a solid employment base that could further boost consumer spending. He stated that investors have postponed their expectations for a Federal Reserve rate cut from June to July because the data indicates that the current labor market does not require additional monetary easing to maintain growth. Although rising interest rates put pressure on the economy, the improved economic growth outlook has completely offset this impact. Schulze also cautioned that while the report is generally positive, it's important to note that January data is often heavily influenced by seasonal factors and may exaggerate the performance of the monthly employment report.
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