Economic Data Heats Up: Fed's 'Patience' Tested by Rising Unemployment The U.S. economic landscape is at a critical juncture, with recent data potentially influencing the Federal Reserve’s decision on interest rate cuts. The unemployment rate’s unexpected rise to 4.1% in June has increased the odds of a September rate cut to 72%, up from 47% a month ago. This development brings the economy closer to triggering the Sahm Rule, a respected recession indicator. As Fed Chair Jerome Powell prepares for his semiannual testimony, investors are keenly watching for signals about the Fed’s stance on its dual mandate of maximum employment and stable prices. The upcoming Consumer Price Index data and two more employment reports before September could be pivotal in determining the Fed’s next move. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold gains hugely in popularity among American Investors – Gallup Survey 2023 READ MORE Mixed Central Bank Buying Patterns Keep Gold Market on Edge READ MORE China’s Aging Population Catalyzes a New Era in Gold Jewelry Demand READ MORE Oil Prices Steady Near Two-Month High on Significant U.S. Crude Drawdown READ MORE Morgan Stanley Warns: Digital Currencies May Challenge US Dollar's Reign READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment