Sima Shah, a strategist at Xin'an Asset Management, wrote that after the release of today's non-farm payrolls report, she believes the Federal Reserve will not cut interest rates until the end of 2025. “Some Federal Reserve spokespersons have said they prefer to cut interest rates as early as this month. Today's data shows that the number of employed people is higher than expected, the unemployment rate is falling, and the number of initial jobless claims is falling. This completely removes the reason they think interest rates will be cut soon, and suggests the urgency of the Federal Reserve not providing supportive policies.”

Sima Shah, a strategist at Xin'an Asset Management, wrote that after the release of today's non-farm payrolls report, she believes the Federal Reserve will not cut interest rates until the end of 2025. “Some Federal Reserve spokespersons have said they prefer to cut interest rates as early as this month. Today's data shows that the number of employed people is higher than expected, the unemployment rate is falling, and the number of initial jobless claims is falling. This completely removes the reason they think interest rates will be cut soon, and suggests the urgency of the Federal Reserve not providing supportive policies.”