According to a report by Jin Shi Data, Michele Raneri, Vice President and Head of U.S. Research and Consulting at Transunion, stated that the Federal Reserve's decision to hold steady may be influenced by high inflation and recent economic trends, such as the strong non-farm payroll report for April. Although there may be interest rate cuts later this year, the current economic situation is complex, and it is too early to determine the timing of any rate cuts.