The feds will see this report as basically confirming their plans to hike in July. The goal of the Fed right now is to create below trend growth and that would reduce pricing pressure. There's a lot of interest among the FOMC in hiking at least one more time beyond July.
Bloomberg News Economics Reporter Steve Matthews and Yelena Shulyatyeva, Senior US Economist at BNP Paribas, discuss how the June jobs report could impact Fed policy. Richard Wahlquist, President and CEO of the American Staffing Association, shares his thoughts on the jobs report and employment trends. Swan Bitcoin Managing Director Terrence Yang talks about why big institutions are looking at Bitcoin. And we Drive to the Close with Vance Howard, CEO at Howard Capital Management.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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