🚨 BREAKING🚨

The MONTHLY EMPLOYMENT REPORT shows STRENGTH

This ELIMINATED the chances of a rate cut in July. Yesterday, following the poor ADP employment data, there was a 25% chance; now, only a 6%.

What happened for the chances of a cut in July to drop like this?

🔸Unemployment claims dropped from 237K to 233K, while 240K was expected.

🔸Non-farm payrolls increased from 144K to 147K, while 111K was expected.

🔸The unemployment rate decreased from 4.2% to 4.1%, while a 4.3% was expected.

🔸A labor report with ALL data better than expected.

Now, the only way there would be a cut in July would be with MANY TRADE AGREEMENTS and with a CPI falling sharply (the 15).

In any case, rate cuts will come this year.