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 U.S. Bankruptcies Experience Significant Increase in 2023, Expected to Rise Further in 2024 READ MORE Insider Alert: Mike’s Made Two Changes to His Portfolio READ MORE Goldman still bullish on gold, China underpinning demand outlook By Investing.com READ MORE S&P 500 Could Halve as Market Bubble Bursts, Warns Top Strategist READ MORE NYCB Shares Close Lower as Recent Gains Disappear READ MORE Add a Comment Cancel replyYour email address will not be published.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