Analyst: Fed won't cut rates until late 2025

Odaily News Seema Shah, a strategist at Principal Asset Management, wrote that after today's non-farm report, she doesn't think the Fed will cut rates until the end of 2025. "Some Fed speakers have said they favor a rate cut as early as this month. Today's data showed higher-than-expected payrolls, lower unemployment, and lower initial jobless claims, which completely eliminated their reason for an imminent rate cut and suggested that the Fed has no urgency to provide supportive policies." (Jinshi)