Jobs Report Takes Heat Off the Fed to Cut Rates

Jobs report takes heat off the Fed to cut rates

Headline numbers from the June jobs report took pressure off the Federal Reserve to consider an interest-rate cut later this month, likely leaving the central bank on hold at least until the fall.

The odds of a September Fed rate cut look high after June jobs report — but it may be a tough call for Powell – Oil & Gas 360

(MarketWatch) – The Federal Reserve is likely to resume lowering interest rates in September, but it won’t be an easy call for the central bankers, economists said Thursday in the wake of the June jobs report. There will be a lot of data over next two months that will impact the Fed’s decision, but if trends continue as they are now, the central bank should be able to ease, said Kathy Bostjancic, chief economist at Nationwide Financial. “I think…

Jobs Report Takes Pressure Off Fed to Cut Rates

U.S. employers added 147,000 jobs last month, exceeding estimates, while the unemployment rate ticked lower to 4.1%, according to the Bureau of Labor Statistics.