July Fed Cut Is Off the Table and September's Is Now in Question, Says CFR’s Rebecca Patterson

July Fed cut is off the table and September's is now in question, says CFR’s Rebecca Patterson

Council on Foreign Relations’ Rebecca Patterson joins 'Closing Bell: Overtime' to discuss the market's upside run, Fed's next move and her takeaways from June's job report.

June jobs report comes in stronger than expected — tanking hopes that the Fed will cut rates this month

US job growth outpaced expectations, signaling continued strength in the labor market and diminishing likelihood of an interest rate cut this month.

EUR/USD Forecast Today 04/07: Drops After NFP

The Euro has fallen pretty significantly against the US dollar during the trading session on Thursday as we got a stronger than anticipated non-farm payroll announcement coming out of the United States. This has people now starting to back away from the idea of a potential rate cut in July, which at one point was anticipated by a margin of 25%. The odds for a rate cut in July are now down to 5%. The situation in September, I think, is really goi…

Solid Jobs Report Takes July Rate Cut Off the Table

Updated 3 hours ago Solid Jobs Report Takes July Rate Cut Off the Table Traders are fleeing any remaining bets on the Federal Reserve cutting interest rates on July 30. Odds of a July rate cut sank to 4.7% on Thursday after the June jobs report came in stronger than economists expected. That's…

James Perry Analyzes Strong Jobs Report, Cautions Against Further Stimulus Amid Persistent Inflation

On Chicago’s Morning Answer, guest host Chris Krok welcomed James E. Perry, founder and Chief Investment Officer of Perry International Capital Partners LLC, to discuss the latest jobs numbers and the broader economic outlook. Perry offered a cautiously optimistic assessment of the labor market while warning that persistent inflation and excess stimulus continue to threaten long-term financial stability. The June jobs report showed a gain of 14…

Bond traders scrap bets on July rate cut after strong jobs data

Treasuries tumbled after a stronger-than-expected jobs report for June prompted traders to reduce bets on an interest-rate cut by the Federal Reserve this month.