206,000 Jobs Added
Cheryl Grimaldi
The good news… 206,000 jobs were added last month. That is good news for all. A potential interest rate cut in September will hopefully help the struggling mortgage industry.
Fed rate cuts: Only 1 cut coming in 2024 as inflation, job market are too hot
The Fed will only cut interest rates 25 basis-points this year, Vanguard predicted. Central bankers will be held back by high shelter costs and a strong job market, the firm said. Shelter prices have buoyed inflation, with consumer prices remaining above-target in June.
Go Back Fed rate cuts: Only 1 cut coming in 2024 as inflation, job market are too hot
The Fed will only cut interest rates 25 basis-points this year, Vanguard predicted. Central bankers will be held back by high shelter costs and a strong job market, the firm said. Shelter prices have buoyed inflation, with consumer prices remaining above-target in June.
Read in Business Insider: https://apple.news/AdmPdaXmxRwWYMjX2LXyOpA