CITIC Securities: Strong Non-Farm Payrolls Offset Waller's Remarks as Market Awaits CPI

CITIC Securities reported that U.S. non-farm payrolls for August 2026 significantly exceeded expectations, driven by the leisure, hospitality, and healthcare sectors. While the unemployment rate held at 4.1%, the market is recalibrating the probability of a September rate hike to approximately 60% following the strong jobs data and dovish comments from Federal Reserve Governor Christopher Waller. Investors are now shifting focus to the August CPI data scheduled for release on September 11.