[German Central Cooperative Bank: US economic data does not support the Fed's sharp rate cuts] Golden Finance reported that Birgit Henseler, an analyst at the German Central Cooperative Bank, said that the money market is still divided on the Fed's first rate cut of 25 basis points to 50 basis points, but there are several reasons why the Fed should not take major measures. She said in a report: "Neither the labor market data nor the recently announced inflation rate indicate that a sharp rate cut is necessary." Henseler said that the situation in the labor market indicates an economic slowdown rather than a recession, and the core inflation rate has recently proved to be more stubborn than many market participants expected due to rising housing and other service costs.