Market analysis: There are almost no signs of weakness in US economic data, and the Federal Reserve will not cut interest rates this week

According to BlockBeats, on May 5th, David Kohl, an economist at Swiss bank Baosheng, stated that the US economy shows almost no signs of weakness. After the release of the non farm payroll report in April, he stated that "the unstable and restrictive economic policies in the United States, including the introduction of high tariffs, have not yet had the expected negative impact on labor market data." The economist pointed out that better than expected new employment and low unemployment rates have driven sustained strong growth in private consumption. Kohl added that the data is very stable and it is expected that the Federal Reserve will not cut interest rates this week. Kohl said that the Federal Reserve may ignore negative data from survey indicators and wait until economic data shows weakness before taking action. (Golden Ten)