U.S. Jobs Report Warrants Another 25 BPS Cut; Imminent Recession Unlikely

Posted by Jimmy Zhu on Sep 7, 2019 12:30:00 PM

Slower growth in payrolls shows that US companies are less willing to expand their business, and this could be partly attributed to huge uncertainties from Trump's foreign policies.

Chief Strategist Jimmy Zhu explains in his CGTN report why slower growth raises questions on the efficacy of existing monetary stimuli.