According to PANews, Great Hill Capital LLC analyst Thomas Hayes commented on the recent economic developments following the release of the U.S. non-farm payroll report last Friday. Hayes noted that the initial jobless claims were lower than expected, alleviating fears of a complete collapse in the labor market. He emphasized that the economy remains relatively strong and does not face an imminent recession. Consequently, Hayes suggested that there is room to wait a few more weeks for the Federal Reserve's first interest rate cut.