Market analysis: US economic data shows little sign of weakness, the Fed will not cut interest rates this week

Planet Daily News: Swiss Bank Economist David Kohl stated that the U.S. economy shows almost no signs of weakness. After the April non-farm employment report, he said: "Unstable and restrictive economic policies in the United States, including the introduction of high tariffs, have not yet produced 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 he expects the Federal Reserve will not cut interest rates this week. Kohl said the Federal Reserve might ignore negative survey indicators and wait to take action until economic data shows weakness. (Jinshi)