Weekend WSJ (Timiraos): "Case for September Rate Cut Builds After Slower Jobs Data" ...Middle East

For a run down of the NFP, market moves, and implications, check this out:Forexlive Americas FX news wrap 5 Jul: NFP for June sent the USD lower/yields tumblingOn Sunday Wall Street Journal Fed watcher Timiraos said the result boosted the chance of a Federal Open Market Committee (FOMC) rate cut at the September meeting, due to:the unemployment rate ticked up to 4.1%, a sign of slack in a labor market that has already shown some hints of gradually slowing downother indications as well that the job market is continuing to cool. Average hourly earnings were up 3.9% in June from a year earlier, marking their smallest gain since 2021. The counts for both April and May were revised lower by a com

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Weekend WSJ (Timiraos): "Case for September Rate Cut Builds After Slower Jobs Data" ...Middle East

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