According to PANews, the market expects the unemployment rate to rise, but the actual unemployment rate has dropped to 4.1%. The head of interest rate trading and strategy at AmeriVet Securities stated that the possibility of a rate cut in July is off the table, and the Federal Reserve will be on 'vacation' this summer. Employment data provides Federal Reserve Chairman Powell with room to be cautious.
U.S. Unemployment Rate Drops to 4.1%, Reducing the Importance of the Fed's July Meeting
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