This chapter analyzes the Federal Reserve's recent meeting minutes, exploring discussions around potential interest rate cuts and their implications for the market. It also examines the impact of labor market data, particularly revisions to payroll figures and the role of undocumented workers in the economy. The chapter concludes with insights into upcoming Federal Reserve meetings and the discussions expected to shape future monetary policy.
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Bloomberg News International Economics & Policy Correspondent Michael McKee reports that several Federal Reserve officials acknowledged there was a plausible case for cutting interest rates at their July 30-31 meeting before the central bank’s policy committee voted unanimously to keep them steady. Bloomberg News Technology Editor Olivia Solon explains how tech tycoon Mike Lynch’s luxury yacht sank within minutes off Sicily. Bloomberg Intelligence Senior Retail Analysts Jennifer Bartashus and Mary Ross Gilbert provide a deep dive into retail earnings and consumer outlook. And we Drive to the Close with Abby Roach, Portfolio Manager for the Empiric LT Equity Team at Allspring Global Investments.
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