Viewpoint: The Federal Reserve intends to cut interest rates, but needs a slowdown in employment data to "give the green light."

ChainCatcher news, according to market news, the market almost unanimously believes that the Federal Reserve will keep the benchmark interest rate unchanged at 4.25% to 4.5% today, but there are differences in the market regarding the policy path thereafter.

Jefferies Chief Economist Mohit Kumar stated: "In our view, the Federal Reserve intends to lower interest rates from the current level, but it still needs to see signs of a slowdown in employment data to 'give the green light.' Once the employment data shows weakness, they will initiate rate cuts." (Jin Ten)