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Suixi Bank's EMEA fixed income, foreign exchange, and commodities strategy chief Jordan Rochester wrote that overall employment figures were better than expected, but wage growth was weaker. At the same time, the trend of slowing employment growth over the past three months has not changed. The unemployment rate has once again remained unchanged, making it difficult for the market to believe that there is a clear enough slowdown in the labor market to support the logic of an interest rate cut this year. In addition to ruling out the more dovish scenarios that some analysts had previously emphasized, this data is not enough to drive the market in any particular direction with significant volatility.