Fed's Potential Policy Shift May Be Delayed Until July, Analyst Suggests

According to Odaily, NatAlliance Securities analyst Andy Brenner has indicated that recent weak labor market data might bring the Federal Reserve closer to easing its policy stance. However, Brenner suggests that this shift may not occur this week. He believes that Federal Reserve Chair Jerome Powell is nearing a turning point, which could happen in July. Brenner expressed these views ahead of the Federal Reserve's June meeting, noting that the employment situation remains highly unstable, with questionable job data undergoing significant revisions. He compared the Fed's approach to Washington's historical tendency to delay budget issues, suggesting that the central bank might postpone addressing the matter for another month.