Opinion: The Fed Intends to Cut Rates, But Needs Slower Job Growth as a "Green Light"

According to ChainCatcher, market sources indicate that there is near-unanimous consensus that the Federal Reserve will keep its benchmark interest rate unchanged at 4.25% to 4.5% today. However, there is divergence in the market regarding the policy path after this decision.

Jefferies Chief Economist Mohit Kumar stated, "In our view, the Fed intends to lower rates from the current level, but it still needs to see signs of a slowdown in employment data as a 'green light.' Once the employment data shows weakness, they will initiate rate cuts."