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Analyst: The Federal Reserve (FED) has reasons to remain inactive for a longer period.
Jin10 Data, July 3 - Analyst Jonnelle Marte stated that the unexpectedly strong non-farm data may support The Federal Reserve's (FED) rationale for remaining on hold for a longer period this year before a deep dive into the data, and it will almost certainly dispel concerns about the labor market, thereby ruling out the possibility of a rate cut in July.