Analyst: Strong US employment demonstrates economic resilience, but the Federal Reserve still faces high uncertainty

BlockBeats News, February 12, Vontobel analyst Andrew Jackso stated that the higher-than-expected increase in US employment in January once again demonstrates the resilience of the economy, but it has not provided more clear guidance for policymakers. Although the current economic situation is more predictable than at the beginning of last year, the uncertainty faced by the Federal Reserve remains higher than that of many other central banks. For fixed income investors, the core conclusion is: "Credit fundamentals are acceptable, macroeconomic conditions are acceptable, and the US economy shows considerable resilience." Compared to a year ago, concerns about high corporate bond valuations are now less pronounced. "I believe credit spreads may remain at current levels, or even narrow slightly further." (Golden Ten Data)