AXA: Weak labor market could lead to further Fed rate cuts

Odaily Planet Daily reports that AXA Investment Management analyst Chris Igor points out that despite inflation being above target, the US labor market is showing signs of weakness, which could very well prompt the Federal Reserve to cut interest rates further. "The delayed October and November US non-farm payroll data confirm what has been obvious this year—job growth has stalled," Igor said. He added that investors need to closely monitor US labor market data for further signs of weakness. (Jinshi)