Reported about 19 hours ago
Recent robust job data has significantly reduced the likelihood of an imminent rate cut by the Federal Reserve, with markets now predicting only a 5% chance of a reduction in July, down from 24%. The strong employment report allows the Fed to maintain existing policy while assessing the impact of tariffs on inflation. This shift in expectations comes amid political pressure on Fed Chair Jerome Powell, as the administration questions the central bank's judgment on interest rates.
Source: YAHOO