German Central Cooperative Bank: US economic data does not support a significant interest rate cut by the Federal Reserve

Odaily Planet Daily News: Birgit Henseler, an analyst at the German Central Cooperative Bank, stated that there is still disagreement in the money market regarding the first rate cut by the Federal Reserve, which should be between 25 and 50 basis points. However, there are several reasons why the Federal Reserve should not take significant measures. She stated in a report that "neither labor market data nor recently released inflation rates indicate the need for a significant interest rate cut." Henseler said that the labor market situation suggests an economic slowdown rather than a recession, and core inflation rates have recently proven to be more stubborn than many market participants expected, due to rising housing and other service costs. (Golden Ten)