TechFlow News, January 29: According to JINSHI Data, Christoph Balz, economist at Commerzbank, stated in a report that the Federal Reserve is unlikely to rush into further rate cuts, given the currently more favorable economic and labor market conditions. Balz noted that although job growth remains sluggish, the unemployment rate has shown signs of stabilizing. Overall, this suggests monetary policy is no longer restrictive; while rate cuts might previously have been warranted, current interest rates are instead closer to the upper end of the neutral rate range. “Powell’s term as Chair may end in May, and the Fed may not decide on another rate cut during this period,” Balz said.
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