TechFlow, Sept. 18 — According to Jinshi Data, Jean Boivin, Head of BlackRock Investment Institute, said the Federal Reserve's prospect of rate cuts will likely depend on whether the labor market remains sufficiently weak. He noted that Powell described the Fed's latest rate cut as "risk management" in response to worsening signs of labor market weakness, which could mean future policy moves will be highly data-dependent. Boivin believes the Fed may face pressures regarding inflation control and debt servicing costs—although these pressures are fading, inflation could easily rebound if rate cuts boost corporate confidence and hiring activity. In this context, further weakening in the labor market would provide justification for additional Fed rate cuts.
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