US Jobs Growth Dashes Hopes of July Rate Cut - Business Plus

Kiss Goodbye to the Chance of a Fed Interest Rate Cut in July

Thursday's job report all but killed any chance of Fed action in July.

US jobs growth dashes hopes of July rate cut - Business Plus

Hopes of a US interest rate cut later this month appeared to have been dashed yesterday after better-than-expected official jobs figures, writes John-Paul Ford Rojas. Closely-watched non-farm payrolls data showed the world’s biggest economy added 147,000 jobs in June, beating economists’ forecast of 110,000. In contrast, the UK labour market darkened, adding to predictions of a Bank of England rate cut this summer. Experts said the US figures cl…

Strong jobs report throws cold water on July rate cut

Despite falling mortgage rates and low unemployment, the combination of economic uncertainty and high home prices indicates the market slowdown will continue.

Government job growth kills possibility of July rate cut

The irony of the 2025 labor market is that the most critical jobs report before the next Federal Reserve meeting — where President Trump is calling for significant interest rate cuts — has been bolstered by a sector that he and Elon Musk attempted to undermine: government labor. Without the massive boost from state government workers, the private payroll data would be showing a gain of only 74,000. This report makes the July rate cut almost impo…