The unemployment rate was 4.2% according to forecasts. 🇺🇸
But here’s the thing: it has risen slightly from 4.1% last month.
Why could this be a positive? 👇
Increase in unemployment → decrease in consumer spending → easing of inflationary pressure.
This is exactly the signal the Fed needs to start lowering rates.
The Consumer Price Index will be published on August 12. A lower figure could solidify the decision for a possible cut in September.
So don't panic about corrections – the overall trend still points upward.