New Delhi, July 2 -- The US Federal Reserve is unlikely to resume its easing cycle before September 2025, according to a report by Bank of Baroda.

The expectation is based on the latest Job Openings and Labour Turnover Survey (JOLTS) report, which showed stronger-than-expected job openings for May 2025.

The JOLTS data revealed that job openings in the US rose to 7.76 million in May 2025, up from 7.39 million in April 2025. However, hiring declined to 5.5 million, with the major drop seen in the healthcare and business services sectors.

This mixed labour market data suggests that while job availability remains strong, actual hiring activity is slowing.

The report also highlighted comments from the US Federal Reserve Chair, who reiterat...