Institutions: US Non-farm Payrolls (NFP) support The Federal Reserve (FED) in maintaining a wait-and-see stance, but caution is needed regarding the uncertainty of trade negotiations.

Jin10 data reported on July 3rd, LPL Financial Chief Economist Jeffrey Roach stated that the latest US Non-farm Payrolls (NFP) data indicates that if companies continue the hiring trend seen this year, the Federal Reserve (FED) is expected to maintain a "wait-and-see" stance at the upcoming policy meeting. Despite the uncertainty surrounding tariffs and trade policies, there has yet to be a large-scale wave of layoffs among companies. However, it is important to be cautious as the US government is still in detailed negotiations with several major trading partners, and the ultimate impact on businesses is still difficult to estimate.