State of the Union: The Bureau of Labor Statistics report increased expectations of a rate hike by the Federal Reserve by the end of the year. The post June Jobs Report Underperforms Expectations appeared first on The American Conservative .
The U.S. economy added 57,000 nonfarm payroll jobs in June, below the 110,000 that economists expected . The unemployment rate fell slightly from May’s 4.3 to 4.2 percent. This month’s report follows May’s addition of 172,000 jobs and an upward revision of April’s report by 64,000 to 179,000. Labor-force participation decreased by 0.3 to 61.5 percent, the lowest since March 2021. According to the household data, the number of people not in the labor force grew by 832,000. The establishment survey data saw positive job growth in social assistance, professional and business services, and healthcare. Leisure and hospitality jobs declined. A steady job market provides room for the Federal Reserve to raise interest rates,…Open
All eyes are on the Federal Reserve as it prepares to announce whether it plans to cut interest rates on Wednesday. Both the stock market and CME Group’s FedWatch tool put the odds of a rate cut at less than 3%. Pete Najarian, co-founder of Market Rebellion, tells “Morning in America” he agrees that a cut is unlikely. Start your day with "Morning in America," NewsNation's live three-hour national morning newscast hosted by Markie Martin. Weekdays starting at 6a/5C. #MorningInAmerica NewsNation is your source for fact-based, unbiased news for all Americans.
AI:The Federal Reserve stands at a critical juncture as market indicators, including the CME Group’s FedWatch tool, suggest a less than 3% probability of an interest rate cut this Wednesday. Despite the media's constant fascination with speculative economic shifts, experts like Pete Najarian of Market Rebellion confirm what the data already screams: a rate cut is highly unlikely. The mainstream narrative continues to ignore the reality that the economy cannot simply wish away inflationary pressures through central bank maneuvering.Open
