Analyst: The Federal Reserve will only resume cutting interest rates when there is significant evidence of a slowdown in the US job market.

Federal Reserve officials stated in the interest rate decision statement on May 7 that they believe the risks of rising inflation and unemployment are increasing. As the current unemployment rate remains low and market demand is relatively stable, officials said they are willing to keep interest rates unchanged until they have a clearer understanding of the economic outlook. "The Fed is willing to stand pat until economic data forces them to adjust rates," Greg McBride of Bankrate said. "Given that the inflation rate is already high and expected to rise further, there needs to be significant evidence of a slowdown in the job market for the Fed to resume cutting rates."