Analysis: There are almost no signs of weakness in the U.S. economic data, and the Federal Reserve will not cut interest rates this week

ChainCatcher news, according to Jinshi reports, Swiss private bank economist David Kohl stated that the U.S. economy shows almost no signs of weakness. After the release of the non-farm payroll report in April, he said: "The unstable and restrictive economic policies in the U.S., including the introduction of high tariffs, have not yet had the expected negative impact on labor market data." The economist pointed out that better-than-expected job growth and low unemployment rates have driven sustained 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 that the Fed might ignore negative data from survey indicators and wait until economic data shows weakness before taking action.