Federal Reserve spokesperson: Expected to pause interest rate cuts, recovery path remains unclear

According to Jin Shi reports, "Fed's mouthpiece" Nick Timiraos stated that Federal Reserve officials expect to keep interest rates unchanged for the first time, following three consecutive rate cuts since last September.

The conditions for the Fed to initiate rate cuts again depend on a collapse in the labor market or inflation significantly retreating to the target level of 2%. Despite facing political pressure, most officials believe that rate cuts may still be possible later this year, but there is disagreement on when the data will support such cuts.