Institution: It is still too early to judge the signal of a rate cut.

Michele Raneri, Vice President and Head of United States Research and Consulting at TransUnion, stated that the Federal Reserve's decision to hold interest rates steady is likely due to high inflation and other recent economic trends, such as the strong April nonfarm payroll report. Although a rate cut later in the year is still possible, the current economic situation is complex, and it is too early to determine whether a rate cut will happen and when it might occur.