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Weak June Jobs Data Won't Deter Fed From Focusing on Inflation

GateNews
Forex
According to Evercore ISI and Santander analyst Stephen Stanley, the Federal Reserve will not dismiss weak June employment data as a reason to abandon rate-hike expectations; rather, inflation data will remain the key driver of policy decisions. While markets have significantly reduced expectations for additional rate increases this year, analysts argue this reaction is excessive. Stephen Stanley noted that the employment report may only "slightly" shift Fed officials' views, but most policymakers still view the labor market as stable.
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Economists Forecast 115,000 June Payroll Gain as Jobs Data Releases Early

Crypto Frontier6h ago

What does the 110,000 jobs expectation mean? Tonight's nonfarm payrolls may re-evaluate the Fed's reaction function and market pricing.

Gate Instant Trends8h ago

Hong Kong Stocks Rise 1.2% as Fed's Warsh Reaffirms Inflation Target

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