Economist: The Fed's next rate cut may be a few months away

ChainCatcher news, according to Jin Shi reports, Alliance Bernstein senior economist Eric Winograd stated that the Federal Reserve needs to make progress on inflation and that the labor market shows "some weakness" before it can cut interest rates again, which may take several months. The likelihood of rate hikes is low, as there are no signs indicating that inflation is accelerating again.

Winograd noted that, aside from strong overall data, the three-month moving average increase in employment numbers is flat compared to November. The unemployment rate slightly decreased from 4.2% to 4.1%, having "remained between 4.0% and 4.2% for the past 7 months." Winograd believes that "aside from the soft landing we are currently enjoying, there is no reason to expect anything else."