Analyst: The Federal Reserve may not cut interest rates in July and September

ChainCatcher news, according to Jinshi reports, analyst Joseph Richter stated that the market may react to the decline in the unemployment rate, but this is only part of the overall situation. However, considering that the U-3 unemployment rate is crucial for the Federal Reserve's response function, its decline may rule out rate cuts in July or even September. This is consistent with our view on the trend for the fourth quarter.