Need clearer data on disinflation before deciding to cut interest rates.
May not need to cut this year.
Market sold off in yesterday's session, however, in reality, stocks started selling off before Kashkari's speech.
MARKET DAILY
Market 04/05: NFP labor report supports Fed keeping high interest rates and soft-landing
Labor market adds many new jobs due to increased labor supply but does not create pressure on wages/inflation. BOJ signals it will continue to raise interest rates.
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