June Jobs Report Eases Rate-Hike Fears, Futures Rally

According to Adam Sarhan, CEO of 50 Park Investments, June's weaker-than-expected jobs report eased concerns about near-term interest rate increases. The result contrasts with last month's stronger-than-expected data, which triggered significant market selloffs amid fears of persistent inflation. Sarhan noted that the "not too hot, not too cold" jobs print relieved pressure on the Federal Reserve to raise rates in the short term, with futures markets rallying in response.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments