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We are completely back to macro.
Of the expected Federal Reserve Bank movements, that is. On Thursday, a surprisingly strong job report It greatly reduced the possibility of reducing the rate of this month.
It is reflected in the graph that everyone is watching, the central bank is on its way to stick to the steadfastness, and the opinion that the economy is reaffirmed is in a strong condition enough for policy makers. To wait for more clarity on the definitions Or for more signs of trouble.
Sudden reflection after Wednesday data from ADP that showed weakness in private salary statementsIt seems that the recruitment report has ended the increasing speculation that the Federal Reserve will intervene at the end of the month to protect the deteriorating labor market.
“Although there are some smooth elements under the headlines of the best newspapers, the recruitment report in June was strong enough to allow the Federal Reserve to keep politics while monitoring the impact of definitions on inflation,” said Nancy Vanden, the American economy in Oxford’s economies.
As our week’s scheme appears, markets are now only 5 % CME Fedwatch tool.
Even promising job data has turned expectations more in the calendar. Traders have become more doubtful in September of the reduction in the Federal Reserve, where markets are now pricing with a chance of 68 %, as the Federal Reserve reduces interest rates, a decrease from the 94 % chance that was observed a week ago.
Jeffrey Roche, chief economist at LPL Financial, said that the Federal Reserve can sit comfortably in a “Wait and See” position with salary statements like this, but he indicated that “the administration is still actively negotiating details with many major commercial partners and the effects of work in the end.” In other words, there is still a lot.
The chart as a base in the preview of the Federal Reserve Policy involves political effects.
Just one day before the appearance of the numbers of jobs, President Trump launched his most severe criticism of the President of the Federal Reserve, Jerome Powell. In fact, social on Wednesday night, President Powell said.You must resign immediately“Amplify what it was Intensive White House pressure campaign Against the leader of the central bank. On Thursday, Treasury Secretary Scott Bessin Doubts about the ruling of the federal reserve On interest rates, indicating a high interest rate.
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