According to Odaily Planet Daily, Birgit Henseler, an analyst at Germany's Central Cooperation Bank, said that the money market is divided on the extent of the Fed's first interest rate cut, but the Fed should not take major measures.
In her report, she noted that neither labor market data nor recently released inflation rates showed a need for a large rate cut.
Henseler said labor market conditions pointed to a slowdown rather than a recession and that core inflation was more stubborn than expected, largely due to rising costs for housing and other services.
