Commerzbank: The Federal Reserve is in no hurry to cut interest rates further.

Commerzbank economist Christoph Barz noted in a report that the Federal Reserve is in no hurry to cut interest rates further, given the more favorable economic and labor market conditions. Barz stated that although job growth remains weak, the unemployment rate has shown signs of stabilizing. Taken together, this suggests that monetary policy is no longer restrictive; while a rate cut might have been necessary, current interest rates are closer to the high end of the neutral rate range. "Powell may end his term as chairman in May, and the Fed may not decide to cut rates again during that period," Barz said. (Jinshi)