The US labor market came in just a touch hotter than expected, adding 206,000 jobs in June. Meanwhile, the unemployment rate unexpectedly rose from 4.0% in May to 4.1% in June.
The US labor market came in just a touch hotter than expected, adding 206,000 jobs in June. Meanwhile, the unemployment rate unexpectedly rose from 4.0% in May to 4.1% in June.
Emphasis is mine.
Please let there be a rate cut 🙏🏻
A rate cut in September would definitely help the democrats reelection chances in November, and right now we need any boost we can get.