The U.S. job market is strong, The Federal Reserve (FED) may postpone the rate cut in September.

[Coin World][The U.S. job market remains stable, and the Federal Reserve may delay restarting interest rate cuts until September] The U.S. job market showed steady performance in June, with non-farm payrolls increasing by 147,000, higher than the revised 144,000 in May; the unemployment rate unexpectedly fell to 4.1%, while economists had previously expected a slight rise to 4.3%. The report indicates that the labor market remains stable, which may lead the Federal Reserve to postpone the timing of restarting interest rate cuts until September. Although job growth exceeded expectations, the growth rate is slowing, mainly reflecting weak hiring activity. Layoffs remain quite low, as employers generally hoarded workers during and after the COVID-19 pandemic due to difficulties in finding labor. Several indicators, including first-time unemployment claims and the number of people receiving unemployment benefits, show that the labor market is showing signs of fatigue after a strong performance in protecting the economy from recession. At that time, the Federal Reserve significantly tightened monetary policy to combat high inflation.