Founder Securities: The market expects the Federal Reserve to not cut interest rates in January, and to cut rates as early as June.

According to a report by Jinshi Finance, Founder Securities stated that the December non-farm payroll data was mixed, with the US job market generally showing a mild downward trend, but the unemployment rate showing marginal improvement, giving the Federal Reserve more reason to wait and see in January. The market is pricing in a no-rate-cut rate in January, with a possible rate cut as early as June. Due to the Supreme Court potentially declaring the IEEPA tariffs unconstitutional, economic expectations may improve marginally, inflationary pressures may weaken, and short-term US Treasury bonds face unfavorable factors. US stocks, however, will benefit from the AI boom and reduced tariff disruptions.