Published 08/05/2024 11:19:47 a.m.

Powell faces a market mutiny if he doesn't make a September rate cut—Wall Street has 'locked in' timings after unemployment concerns

Summary by Fortune

"The bottom line is that the weaker-than-expected July employment report led us to change our baseline expectation for the first Fed to September."

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"The bottom line is that the weaker-than-expected July employment report led us to change our baseline expectation for the first Fed to September."

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