Stronger June jobs data suggests no Fed rate cut before September, Fed may cut rates in Q4.

From Investing.com: 2025-07-03 10:08:00

A stronger-than-expected June US jobs report indicates no rate cut before September, despite President Trump’s demands. Nonfarm payrolls rose 147,000 versus the 106,000 consensus, with unemployment unexpectedly falling to 4.1%. However, private payrolls only rose by 74,000, raising concerns about job creation in key sectors. The Federal Reserve is cautious, waiting to see the impact of tariffs on inflation before acting. The Fed is likely to cut rates in the fourth quarter, with market pricing for cuts slipping to 53bp this year. Layoffs could rise later this year, with uncertainty over inflation and economic momentum.



Read more at Investing.com: Firmer US Jobs Data Suggests No Fed Rate Cut Before September