from the European Central Bank Forum on Central Banking in Portugal. The labor market is in focus ahead of the June jobs report scheduled to be released Friday morning, July 5.joins Catalysts in-studio to discuss the influence the Fed's interest rate journey and the 2024 US presidential election could have on the US dollar.Let's dive into the catalyst that are moving markets today.
One of the things that I continue to look at is where some of these jobs are either being taken off the table or continuing to be put into the mix here. Yes, it's interesting to we're seeing this definitely unwinding the rally that we had been seeing after Powell's comments in the bond market at least a little bit here and that jolts state again coming in a bit stronger, but mind those revisions here that we saw from the prior month, revising down just a touch.
What do you need to see within that data to signal that the fed can continue to kind of rest on where it's seeing the employment of the labor economy move so that they can continue to kind of isolate and attack inflation.So look, I think Chair Powell has been pretty clear that he is prepared to ease if the, if the labor market shows a an undesirable deceleration or an undesirable weakening.Um But, but he's been clear that he's willing to do that.
Next, I do want to get your take on some additional data here, which is the GDP data, the US GDP in the second quarter, probably expanded by 1.7% down from 2.2% according to the most recent estimates from the Atlanta FED GDP.But the uh one handle versus the two handle on that data, does that start to concern you at all?
So I, I think, you know, it's, it's been encouraging to see the US slow towards trend because I think that's been a big part of what's allowed disinflation to set in, in the economy.Let's also talk about the housing market because mortgage rates have declined in recent weeks.
And especially given the timing, we've seen so many others come out already and increase their calls from the lower 52 5300 area up to the 57 region.Yeah, which is interesting, especially as you have city talking about.Right.
We've seen health care take up a massive portion of jobs added each month, adding positions faster than most other sectors. And so we while there is no solution just yet, we are going to continue to see this wave of ongoing hires and those job gains really blow out every month.We really appreciate it coming up.We're going to give you the latest on Apple and Meta and some other big tech names.
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