Analyst: The Federal Reserve will only restart interest rate cuts if there is significant evidence of a slowdown in the U.S. job market

Federal Reserve officials stated in the interest rate decision announcement on May 7 that they believe the risks of rising inflation and unemployment are intensifying. As the current unemployment rate remains low and market demand is relatively stable, officials indicated that they are willing to keep interest rates unchanged until they have a clearer understanding of the economic direction. "The Federal Reserve is willing to stay put until economic data forces them to adjust rates," said Greg McBride of Bankrate. "Given that inflation rates are already high and expected to rise further, evidence of a significant slowdown in the labor market is needed before the Federal Reserve will consider resuming rate cuts."