Say goodbye to any hope of a rate cut next month

Fri, 06/07/2024 - 10:56

Tech Insider

Economy

• The US added 272,000 jobs in May, blowing past consensus estimates by a wide margin.
• The red-hot data all but eliminates the possibility of a July interest-rate cut.
• Some analysts are questioning the Fed's ability to lower rates this year at all.

The latest jobs report has all but confirmed the Federal Reserve won't cut interest rates in July.

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economy, Markets, jobs-report, soft-landing-outlook, fed-rate-cuts-forecast, Inflation, rate-cut, rate-cuts, fed-rate-cuts, fed-rate-cuts-2024, fed-rate-cuts-outlook, interest-rate, interest-rates, interest-rate-cut, federal-reserve, monetary-policy, fed-monetary-policy

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Say goodbye to any hope of a rate cut next month