Karen Ward of Morgan Asset Management said that the signals released by the US labor market indicated that the Federal Reserve “should not raise interest rates” in September. She also claimed that the US Treasury's intervention in the bond market made her “uneasy.” The money market currently expects the probability that the Federal Reserve will raise interest rates by 25 basis points at the mid-September meeting. The US inflation rate in July was 2.5%, but it is already the lowest growth rate since 2021. Meanwhile, employment data shows that US employers unexpectedly cut jobs last month. Ward, chief market strategist for Europe, Middle East and Africa at Morgan Asset Management, said in an interview with Bloomberg TV on Tuesday: “The overall inflation rate is still high, but whether this situation will continue depends entirely on the labor market. However, the US labor market shows no sign that employment is stable enough that workers will demand higher wages.” Ward said that the market hopes that when Federal Reserve Chairman Kevin Walsh speaks at the annual Jackson Hole seminar on Friday, he can provide “more clear guidance” on how the Fed views the economic situation and what factors are critical to interest rate decisions

Karen Ward of Morgan Asset Management said that the signals released by the US labor market indicated that the Federal Reserve “should not raise interest rates” in September. She also claimed that the US Treasury's intervention in the bond market made her “uneasy.” The money market currently expects the probability that the Federal Reserve will raise interest rates by 25 basis points at the mid-September meeting. The US inflation rate in July was 2.5%, but it is already the lowest growth rate since 2021. Meanwhile, employment data shows that US employers unexpectedly cut jobs last month. Ward, chief market strategist for Europe, Middle East and Africa at Morgan Asset Management, said in an interview with Bloomberg TV on Tuesday: “The overall inflation rate is still high, but whether this situation will continue depends entirely on the labor market. However, the US labor market shows no sign that employment is stable enough that workers will demand higher wages.” Ward said that the market hopes that when Federal Reserve Chairman Kevin Walsh speaks at the annual Jackson Hole seminar on Friday, he can provide “more clear guidance” on how the Fed views the economic situation and what factors are critical to interest rate decisions