Jobs Data Fuels Bets on Two 2024 Fed Cuts
Bloomberg Businessweek
Federal Reserve's Considerations on Job Market and Inflation
The chapter delves into the impact of the latest non-farm payrolls report on the bond market, discussing the Federal Reserve's assessment of the economy and labor market. It evaluates revisions in job numbers, unemployment rates, and wage growth in relation to the Fed's inflation target. The conversation anticipates future insights from upcoming events like Jay Powell's report and the June consumer prices release, highlighting the complexity of interpreting job data and its implications for the Fed's actions.
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