Market analysis: US economic data shows little sign of weakness, the Fed will not cut interest rates this week

Odaily Planet Daily News: David Kohl, an economist at Julius Baer, ​​said the U.S. economy showed little sign of weakness. After the release of the April non-farm payrolls report, he said: "The unstable and restrictive economic policies in the United States, including the introduction of high tariffs, have not had the expected negative impact on labor market data so far." The economist pointed out that better-than-expected new jobs and low unemployment rates have driven continued strong growth in private consumption. Kohl added that the data is very solid and the Federal Reserve is not expected to cut interest rates this week. Kohl said the Fed may ignore the negative data of the survey indicators and wait until the economic data shows weakness before taking action. (Jinshi)