Odds the Fed will hike in September tumble following big July jobs miss
A weaker labor market would weaken the case for raising rates, which some members of the central bank have called for amid higher energy prices.
A weaker labor market would weaken the case for raising rates, which some members of the central bank have called for amid higher energy prices.
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Why it matters
The sharp decline in odds of a Fed rate hike following a significant jobs report miss signals a potentially important shift in monetary policy expectations, which could influence credit markets, underwriting standards, and capital allocation decisions broadly and durably.