Commerzbank: The Federal Reserve is in no hurry to cut rates further

ChainCatcher News, according to Golden Ten Data, Commerzbank economist Christoph Balz pointed out in a report that given the currently more favorable economic and labor market conditions, the Federal Reserve will not rush to further cut interest rates. Although employment growth remains weak, the unemployment rate has shown signs of stabilizing, indicating that monetary policy is no longer restrictive and the current interest rate level is closer to the upper end of the neutral rate range. Balz stated that Powell may end his term as chairman in May, and the Federal Reserve may not necessarily decide to cut rates again during this period.