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

CoinRank News: David Kohl, an economist at Julius Baer, said the U.S. economy showed few signs of weakness. The erratic and restrictive U.S. economic policies, including the introduction of high tariffs, have so far not had the expected negative impact on labor market data, he said after the release of the April nonfarm payrolls report. The economist noted that better-than-expected new jobs and low unemployment rates have driven continued strong growth in private consumption. Kohl added that the data were very solid and the Fed was not expected to cut interest rates this week. Kohl said the Fed may ignore the negative data from survey indicators and wait until economic data show weakness before taking action. (Jinshi)