"The Fed's mouthpiece": The labor market may become the biggest clue to future rate cuts.

PANews reported on January 29th that, according to Jinshi News, Nick Timiraos, a well-known voice of the Federal Reserve, recently wrote an article stating that the Fed kept interest rates unchanged as expected and did not specify when it might resume rate cuts. In December's forecasts, 12 out of 19 officials expected at least one more rate cut this year to be appropriate. The answer depends on which scenario comes first: a collapse in the labor market or a confident return of inflation to the 2% target. Neither has occurred since December. Job growth has slowed significantly, but the unemployment rate has remained stable. Inflation data has become unpredictable due to statistical disruptions caused by the government shutdown. If the labor market does not weaken further, the next rate cut may not occur until after Powell's term as Fed chairman ends in May.