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Analyst: Federal Reserve has reasons to hold off on rate cuts for longer

Summary: According to sources, analyst Jonnelle Marte stated that unexpectedly strong nonfarm data may support the Federal Reserve's decision to hold off on rate cuts for a longer period this year, almost certainly alleviating concerns about the labor market and eliminating the possibility of a rate cut in July.

According to sources, analyst Jonnelle Marte stated that unexpectedly strong nonfarm data may support the Federal Reserve's decision to hold off on rate cuts for a longer period this year, almost certainly alleviating concerns about the labor market and eliminating the possibility of a rate cut in July.

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