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Bloomberg Businessweek
Jobs Data Fuels Bets on Two 2024 Fed Cuts
Jul 5, 2024
Michael McKee and Jane Oates discuss the June jobs report and its impact on Fed policy. Ira Jersey and Michael Mackenzie talk about treasury yields sinking post jobs data. Tina Fordham shares thoughts on US and UK politics. Topics include Fed interest rate cuts, minority hiring, market volatility, and potential scenarios for Biden, Harris, and Newsom in 2029.
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Quick takeaways
- Strong US labor market may prompt Fed rate cuts in 2024.
- UK politics and US economic indicators shape market conversations and speculations.
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