U.S. Economy Shows Resilience Amid Restrictive Policies

According to Odaily, Swiss economist David Kohl from Bank Julius Baer has observed that the U.S. economy is displaying minimal signs of weakness. Following the release of April's non-farm payroll report, Kohl remarked that the U.S.'s unstable and restrictive economic policies, including the imposition of high tariffs, have not yet had the anticipated negative impact on labor market data. Kohl highlighted that the better-than-expected job creation numbers and low unemployment rate have contributed to the continued robust growth in private consumption. He further noted that the data remains solid, suggesting that the Federal Reserve is unlikely to cut interest rates this week. Kohl mentioned that the Federal Reserve might choose to overlook negative survey indicators and wait for economic data to show signs of weakness before taking any action.