Top Fed officials unswayed by poor July jobs report, take wait-and-see approach to rate cuts | Crypto Craft

  • Top Fed officials unswayed by poor July jobs report, take wait-and-see approach to rate cuts

    From morningstar.com

    Several senior Federal Reserve officials on Friday characterized the labor market as "solid" even after a poor July jobs report, and appeared in no rush to lower U.S. interest rates. "I would say the state of the labor market is one ... I would describe as solid, but we're definitely seeing a slowing of job growth," said John Williams, president of the New York Fed, in an interview Friday with the Wall Street Journal. Cleveland Fed President Beth Hammack and Atlanta Fed chief Raphael Bostic on Friday also called the labor market solid, indicating the Fed is going to wait for more information on employment and ... (full story)

Comment Options
DwnUndrTrdr
Aug 4, 2025 6:40am
Permalink
Quoting glenngie
The Fed job looks easy if all they do is "wait-and-see".
It’s the same as in trading, no position is a position.
glenngie
Aug 4, 2025 5:14am
Permalink
The Fed job looks easy if all they do is "wait-and-see".
Reply

  • Related Stories

Contentious July jobs report confirms the U.S. economy is slowing sharply. Here’s why
From cnbc.com | Aug 4, 2025 | 8 comments
Though it may have been controversial, the July jobs report helped confirm the notion that the U.S. economic engine is sputtering. Nonfarm payrolls rose by just 73,000 for the month, below even the muted expectations. Heavy downward revisions to the May and June count took the three-month average job gains down to just 35,000, or less than one-third the ...
BTC/USD: Falls After Disappointing US Jobs Report
From dailyforex.com | Aug 4, 2025
Bitcoin has seen quite a bit of selling during the trading session on Friday, as the market started to see selling in just about anything that had the remote chance of being considered a “risky asset.” This was mainly due to concerns about the US job situation, as the Non-Foreign Payroll announcement came out at roughly half of what was expected. Keep in ...
Trump: Last weeks Job’s Report was rigged, just like the numbers prior to the Presidential Election were Rigged
From @realDonaldTrump | Aug 4, 2025 | 43 comments
Last weeks Job’s Report was RIGGED, just like the numbers prior to the Presidential Election were Rigged. That’s why, in both cases, there was massive, record setting revisions, in favor of the Radical Left Democrats. Those big adjustments were made to cover up, and level out, the FAKE political numbers that were CONCOCTED in order to make a great Republican Success look less stellar!!! I will pick an exceptional replacement. Thank you for your attention to this matter. MAGA!
  • Story Stats