Samus: The statement that "the market is telling the Fed to cut interest rates next week" is incorrect.

Former US Treasury Secretary Summers said that the pricing of the bond market does not necessarily indicate how the Fed should adjust interest rates, and that it would be a "very serious mistake" for policymakers to relax policy next week. Summers believes that "if policy has already been relaxed, that would be a serious mistake; if policy is relaxed at the upcoming meeting, that would be a very serious mistake." He stated that the rate cut on May 7th would weaken people's confidence in the Fed's determination to lower inflation, leading to an increase in long-term borrowing costs.