Analysis: U.S. Economic Data Shows Little Sign of Weakness, Fed Unlikely to Cut Rates This Week

According to Jinshi reports, Julius Baer economist David Kohl stated that the U.S. economy shows almost no signs of weakness. After the release of the April non-farm payroll report, he said: "The unstable and restrictive economic policies of the United States, including the introduction of high tariffs, have so far not had the expected negative impact on labor market data." The economist pointed out that better-than-expected job additions and low unemployment rates have driven continued strong growth in private consumption.

Kohl added that the data is very solid, and it is expected that the Federal Reserve will not cut interest rates this week. Kohl said the Federal Reserve might ignore the negative data from survey indicators and wait to act until economic data shows weakness.