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Russell: US June employment data may make inflation the main driver of Fed policy.

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Jinse Finance reported that on July 1, BeiChen Lin, a Senior Investment Strategist at Russell Investments, said in a report that employment growth in the United States for June is expected to remain strong, which means inflation may continue to dominate in determining the policy path of the Federal Reserve. He said, “If the labor market stays solid, inflation is likely to become the key factor guiding the Federal Reserve’s next move.” He added that, given the recent increase in mergers and acquisitions, initial public offerings (IPOs), and debt issuance activities, an area worth watching is whether employment growth in the financial services sector has accelerated. The relevant data will be released on Thursday. (Jin Shi)
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