HTX DeepThink: The Fed's refusal to release its easing timetable triggered a short-term market shock, and the "collapse" of employment data triggered a reassessment of interest rate cut

While the sudden drop in short-term employment data has triggered significant market volatility, structural data such as household debt, credit card default rates, and commercial lending suggest that the US is currently experiencing a period of slowing growth rather than a systemic recession. This combination of declining employment and easing inflation may signal an impending shift from tightening monetary policy to easing, placing risky assets in a period of high volatility and liquidity struggles.