[Analyst: Nonfarm Payroll Data Completely Overturns Fed's Case for Rate Cuts] BlockBeats News, June 5, institutional analyst Anstey on U.S. nonfarm payrolls: This will undoubtedly completely overturn any justification for the Federal Reserve to cut rates in the coming months. If Walsh begins advocating for rate cuts at this month's policy meeting, he will appear out of place.