Reported 11 months ago
S&P Global Ratings Chief US Economist Satyam Panday has suggested that the Federal Reserve should consider keeping the interest rate stable based on the recent May jobs report, which showed a higher addition of nonfarm jobs than predicted, leading to questions about the Fed's future policy decisions. Panday highlighted that maintaining the current rate might be the best policy, especially given the performance of interest-sensitive sectors like housing and business investments. The report also indicated a possible upward revision in the Fed's rate cuts projections due to unexpected wage growth, creating a balanced communication challenge for the upcoming meeting.
Source: YAHOO