Unemployment landed at 4.2% right in line with forecasts. 🇺🇸
But here’s the catch: it edged up from 4.1% last month.
Why could that be positive? 👇
Rising unemployment → reduced consumer spending → easing inflation pressure.
That’s exactly the signal the Fed needs to begin rate cuts.
CPI prints on August 12th. A cooler read could seal the deal for a potential September cut.
So don’t panic on pullbacks the bigger trend still points upward.