US labor market normalizes - end of interest rate hikes?

The new data for the US labor market was published on Friday. Overall, the data reflects that the labour market is normalizing. One of the Fed's main goals is to "cool down" the economy and lower inflation.
More details on the report can be found at Börsen-Zeitung
The Fed's next interest rate decision is due on 20 September. Perhaps we are now seeing an end to the cycle of interest rate hikes.
As the chart shows, it always takes several months to years for interest rate changes to have an impact on the labor market.