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Jason Pride, head of Glenmede's investment strategy and research, said the Fed's consideration for lowering interest rates has not changed, and the constraint for a rate cut is still inflation rather than employment. Despite the labor market not accelerating, its resilience is higher than what unrevised data had suggested, reducing the urgency for the Fed to take action on employment. Investors should expect the Fed to keep rates steady at the next meeting and focus on whether post-ceasefire energy relief measures will begin to lower overall inflation rates.