Strong US Jobs Data Dims Expectations for July Rate Cuts
TL;DR Summary
The strong jobs report has eliminated the possibility of a July interest rate cut by the Federal Reserve, leading to a rally in the stock market with increased odds of rate cuts later in the year, while bond yields rise.
- Solid Jobs Report Takes July Rate Cut Off the Table Barron's
- Live: Analysis of US Jobs Report for June Bloomberg
- Traders Bet on Fewer Rate Cuts After Solid Jobs Report WSJ
- Fed Chair Powell says he won't rule out interest rate cut this month ABC News - Breaking News, Latest News and Videos
- Solid Jobs Report Keeps Fed Rate Cuts at Bay The New York Times
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