Viewpoint: The constraints for the Federal Reserve to cut interest rates are still inflation rather than employment

According to Jin Shi reports, Glenmede's Head of Investment Strategy and Research, Jason Pride, stated that the Federal Reserve's considerations remain unchanged, and the constraints for interest rate cuts are still inflation rather than employment.

Although the labor market has not accelerated, its resilience is higher than what the unadjusted data suggests, which reduces the urgency for the Federal Reserve to take action regarding employment. Investors should expect the Federal Reserve to maintain interest rates at the next meeting and pay attention to whether energy relief measures after the ceasefire begin to lower the overall inflation rate.