Institution: The Federal Reserve is expected to resume its rate-cutting mode in July

ChainCatcher news, according to Jinshi Data, Jamie Cox, the executive partner of Harris Financial Group, stated that while the U.S. labor market remains strong, it is gradually cooling down. Given the significant revision of the previous non-farm payroll report, I expect the Federal Reserve to restart its rate cut mode in July. Current wage levels are stable, but changes are likely in the coming months. The biggest variable in the job market is real estate—early warning signs have appeared in the housing market, and the cooling of the labor market will exacerbate this trend.