Deutsche Bank: The Federal Reserve is not in a hurry to cut interest rates further

According to Jinshi News, Christoph Balz, an economist at Commerzbank, pointed out in a report that given the current favorable economic and labor market conditions, the Federal Reserve is not in a hurry to further cut interest rates. Although job growth remains weak, the unemployment rate has shown signs of stabilization, 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 chairmanship in May, and the Federal Reserve may not decide to cut interest rates again during this period.