German Central Bank: US economic data does not support the Fed's large-scale interest rate cut

Mars Finance News, according to Jinshi, Birgit Henseler, an analyst at Germany's Central Cooperative Bank, said that the money market is still divided on the Fed's first rate cut of 25 basis points to 50 basis points, but there are several reasons that the Fed should not take major measures. She said in a report: "Neither the labor market data nor the recently released inflation rate indicate that a large rate cut is necessary." Henseler said that the situation in the labor market indicates an economic slowdown rather than a recession, and the core inflation rate has recently proved to be more stubborn than many market participants expected due to rising costs of housing and other services.