Analyst: The Fed Has More Reasons to Delay Rate Cuts

Odaily Planet Daily reported that analyst Jonnelle Marte stated that, before delving deeper into this data, the unexpectedly strong nonfarm payrolls could support the case for the Federal Reserve to hold rates steady for a longer period this year. This would almost certainly eliminate concerns about the labor market, thereby ruling out the possibility of a rate cut in July. (Jin10)