Analyst Megan Leonhardt: A month of data is unlikely to change the Fed's interest rate outlook, especially given the weakness in the labor market. With inflation fading, the Fed has cut interest rates twice to ensure the job market remains stable.

Analyst Megan Leonhardt: A month of data is unlikely to change the Fed's interest rate outlook, especially given the weakness in the labor market. With inflation fading, the Fed has cut interest rates twice to ensure the job market remains strong.