The chapter delves into market movements driven by the weakening labor market and speculations of up to two rate cuts by the Federal Reserve. Discussions revolve around the impact of recent data on bond yields, expectations for Powell's testimony to Congress, and the importance of monitoring inflation and election-related uncertainties in anticipating future Fed actions.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News International Economics & Policy Correspondent Michael McKee and Jane Oates, Senior Policy Advisor at WorkingNation, discuss the June jobs report and how it could impact Fed policy. Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey and Bloomberg News Rates Reporter Michael Mackenzie talk about treasury yields sinking as the June jobs numbers bolster bests that the Fed will cut rates. Tina Fordham, Founder & Geopolitical Strategist at Fordham Global Foresight, shares her thoughts on both US and UK politics.
Hosts: Tim Stenovec and Vonnie Quinn. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.