Fed's Wait-and-See Approach Supported by Signs of Weakening Labor Market

0619 GMT - A strong U.S. economy faces signs of a weakening labor market, as evidenced by recent payrolls and employment creation numbers, and this backdrop supports a wait-and-see approach by the Federal Reserve, KBRA's Joan Feldbaum-Vidra says ahead of the Fed's interest-rate decision. Additionally, normalized oil flows out of the Middle East tend to support medium-term compression of oil prices, although the risk of an escalation in conflict after the U.S. midterm elections are keeping oil prices elevated, the global head of sovereigns says. "Large-scale borrowing by AI companies and the U.S. Treasury are keeping yields high, helping do the Fed's job," she says.