Reported about 1 year ago
The June jobs report indicated a cooling US labor market, with job gains over 200,000 but rising unemployment and slow wage growth. Wall Street's Neil Dutta suggests the Fed should start cutting rates in September. Despite initial forecasts for one rate cut in 2024, data now suggests two cuts are likely. The Fed anticipates the importance of labor market data in determining rate decisions, with Powell's upcoming conferences seen as crucial for signaling any policy shifts.
Source: YAHOO