Jason Pride: The Federal Reserve's constraints on interest rate cuts are still driven by inflation rather than employment

Mars Finance news, citing a report from Jinjishi, Glenmede’s Head of Investment Strategy and Research Jason Pride said that the Federal Reserve’s approach has not changed, and the conditions limiting rate cuts are still inflation rather than employment. Although the labor market has not accelerated, its resilience is stronger than what the unrevised data suggests, which reduces the urgency for the Federal Reserve to take action on employment. Investors should expect the Federal Reserve to keep interest rates unchanged at its next meeting and watch whether the energy relief measures after the ceasefire begin to lower overall inflation.
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