PANews reported on February 12th that, according to Jinshi, Nick Rees, head of macro research at Monex, stated in a report that the strong US jobs data in January should "eliminate market bets on a March rate cut" for the Federal Reserve. However, Monex still expects the Fed to resume rate cuts in June. Rees said, "However, for now, the market is still digesting this solid jobs data, and expectations for a rate cut have naturally decreased accordingly."