Analysts: Solid US employment base in January is a boon for risk assets.

02/12 07:05

Jeff Schulze of Clearbridge Investments pointed out in a report that the U.S. January labor market data is positive for risk assets, as the data shows a solid employment base that can further drive consumption growth. He stated that investors have pushed back expectations for a Federal Reserve rate cut from June to July because the data indicates that the current labor market can sustain growth without additional monetary easing. Although rising interest rates bring pressure, the improved economic growth outlook has fully offset this impact. Schulze also reminded that although the report is generally positive, January data is often heavily influenced by seasonal factors, which may exaggerate the performance of the employment report for the month. (Jin10)

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