Odaily Planet Daily reports that NatAlliance Securities analyst Andy Brenner wrote that a recent series of weak labor market data may bring the Federal Reserve closer to a moment of shifting towards a more accommodative policy stance. However, this week may still be too early. "We still believe Powell is near a turning point, which may not come until July," Brenner wrote ahead of the Fed's June meeting. "In our view, the employment situation remains very unstable, employment data is questionable, and major revisions are underway... But just like Washington has done for years on budget issues, the Fed may just postpone the problem for another month." (Jin10)

Odaily Planet Daily reports that NatAlliance Securities analyst Andy Brenner wrote that the recent series of weak labor market data may bring the Federal Reserve closer to a turning point toward easing its policy stance. However, it might still be too early this week. "We still believe Powell is near the inflection point, which may wait until July," Brenner wrote ahead of the Fed's June meeting. "In our view, the employment situation remains very unstable, employment data is questionable, and significant revisions are underway... But just like Washington has done for years on budget issues, the Fed may simply delay the problem for another month." (Jin10)

Analysis: The Federal Reserve May Change Stance Due to Cooling Labor Data