metlife investment management chief market strategist Drew Matus said that the non-farm employment report shows that the Federal Reserve has no reason to rush. Job growth is still good, the unemployment rate remains basically unchanged, working hours have increased, and workers' weekly real wages have risen. The labor market is slowing down, but at a slow pace, which allows the Federal Reserve to take more cautious action in September. We continue to expect a 75 basis point easing this year, as the Federal Reserve will adjust its policies to address the ongoing economic slowdown.