Learn More about Lumida ETF
Powered by LumidaWealth.com
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
No Result
View All Result
  • Lumida Wealth
  • Lumida Ledger
  • LUMIDA ETF
  • About Us
Home News Macro

Fed Chief Jerome Powell Signals Labor Market Cooling: Rate Cuts on Hold

by Team Lumida
July 10, 2024
in Macro
Reading Time: 3 mins read
A A
0
Inflation Eases: Will Powell Signal Rate Cuts Soon?

Source: Reuters

Share on TelegramShare on TwitterShare on FacebookShare on LinkedinShare on Whatsapp

Key Takeaways:

  1. Powell highlights rising job market risks from high borrowing costs.
  2. Investors anticipate rate cuts by September amid cooling labor data.
  3. Fed prioritizes employment stability, with inflation decreasing to 2.6%.

What Happened?

Federal Reserve Chair Jerome Powell addressed lawmakers, emphasizing the growing risks to the labor market from sustained high borrowing costs. He noted the recent government data showing three consecutive months of rising unemployment, signaling a cooling job market. Powell refrained from giving a timeline for potential interest-rate cuts, though investors expect them to begin in September.

The US central bank has held its benchmark rate at a two-decade high to curb inflation, which has decreased from 7.1% in June 2022 to 2.6% in May 2024. Powell’s remarks came during his semi-annual monetary policy testimony to Congress, where he will continue to provide updates over two days.

Why It Matters?

The cooling labor market poses significant implications for your investment strategy. High borrowing costs are starting to impact job growth, pressuring the Fed to reconsider its stance on rate cuts. As inflation shows signs of deceleration, Powell stressed the importance of not cutting rates prematurely to avoid stalling progress.

Economist Derek Tang highlighted that even without further disinflation, more job market softening could prompt the Fed to act. For investors, this means closely monitoring labor data and Fed announcements becomes crucial. According to Anna Wong from Bloomberg Economics, the Fed is now balancing its dual mandate, equally weighing employment and price stability.

What’s Next?

Expect the Federal Open Market Committee to hold off on reducing rates at its next meeting on July 30-31. Investors should watch for the upcoming consumer price report, anticipated to show a 0.2% rise excluding food and energy, marking the smallest consecutive gains since August. This data could strengthen the Fed’s confidence in inflation trends.

Additionally, keep an eye on the labor market indicators, especially long-term unemployment figures, which have reached their highest levels since early 2022. Powell’s emphasis on employment stability suggests that the Fed might prioritize job market conditions over aggressive rate cuts, affecting market dynamics and investment opportunities.

Source: Bloomberg
Tags: Federal ReserveInflationInterest RatesJerome PowellUnemployment
Previous Post

Why Microsoft and Apple Just Gave Up Seats on OpenAI’s Board

Next Post

Bitcoin Bounces Back but Faces $7B Selling Pressure

Recommended For You

Trump to Raise Steel and Aluminum Tariffs to 50% Amid US Steel-Nippon Deal Announcement

by Team Lumida
17 hours ago
Trump Announces 25% Tariffs on Mexico and Canada, Targeting Border Security and Trade

Key Takeaways: Powered by lumidawealth.com President Trump announced an increase in steel and aluminum tariffs from 25% to 50%, citing the need to protect American workers and industries. The...

Read more

US-China Trade Talks ‘Stalled,’ Trump-Xi Call May Be Needed, Says Treasury Secretary Bessent

by Team Lumida
2 days ago
US-China Trade Talks ‘Stalled,’ Trump-Xi Call May Be Needed, Says Treasury Secretary Bessent

Key Takeaways: Powered by lumidawealth.com US Treasury Secretary Scott Bessent described US-China trade talks as “a bit stalled” and suggested a call between President Trump and President Xi Jinping...

Read more

Trump’s Team Prepares Alternative Tariff Strategy Amid Legal Challenges

by Team Lumida
2 days ago
Fed Official Warns of Inflation Risks Under Trump Presidency

Key Takeaways: Powered by lumidawealth.com A federal trade court ruled Trump’s use of emergency economic powers to impose sweeping tariffs as illegal, but an appeals court has temporarily allowed...

Read more

Trump Pressures Fed Chair Powell to Cut Interest Rates, Citing Economic Disadvantage

by Team Lumida
2 days ago
Will September’s Fed Rate Cuts Surprise Investors? Here’s What Deutsche Bank Predicts

Key Takeaways: Powered by lumidawealth.com President Trump met with Federal Reserve Chair Jerome Powell, urging him to lower interest rates, claiming current levels put the U.S. at an economic...

Read more

Federal Trade Court Strikes Down Trump’s Global Tariffs, Citing Lack of Authority

by Team Lumida
3 days ago
Federal Trade Court Strikes Down Trump’s Global Tariffs, Citing Lack of Authority

Key Takeaways: Powered by lumidawealth.com The U.S. Court of International Trade ruled that President Trump lacked the authority to impose sweeping global tariffs under the International Emergency Economic Powers...

Read more

Germany’s Unemployment Rises in May Amid Economic Uncertainty and Corporate Job Cuts

by Team Lumida
4 days ago
Germany’s Unemployment Rises in May Amid Economic Uncertainty and Corporate Job Cuts

Key Takeaways: Powered by lumidawealth.com Seasonally adjusted jobless claims in Germany increased by 34,000 in May, significantly exceeding economists’ expectations of a 14,000 rise. The unemployment rate remained steady...

Read more

EU and U.S. Agree to Fast-Track Trade Talks After Trump Delays Tariffs

by Team Lumida
5 days ago
EU and U.S. Agree to Fast-Track Trade Talks After Trump Delays Tariffs

Key Takeaways: Powered by lumidawealth.com The European Union and the U.S. have agreed to accelerate trade negotiations following a phone call between European Commission President Ursula von der Leyen...

Read more

Macron Courts Southeast Asia Amid U.S.-China Trade Tensions, Promises €9 Billion in Deals

by Team Lumida
5 days ago
Macron Courts Southeast Asia Amid U.S.-China Trade Tensions, Promises €9 Billion in Deals

Key Takeaways: Powered by lumidawealth.com French President Emmanuel Macron is leading efforts to strengthen ties with Southeast Asia, offering €9 billion in deals and defense cooperation during his visit...

Read more

China’s Industrial Profits Rise 3% in April Despite U.S. Tariffs, Boosted by Government Subsidies

by Team Lumida
5 days ago
China’s Financial Overhaul: Xi’s Strategy to Rebalance $9.1 Trillion Debt Crisis

Key Takeaways: Powered by lumidawealth.com China’s industrial profits grew 3% year-on-year in April, up from 2.6% in March, driven by a government trade-in program and strong demand for high-tech...

Read more

Swiss Exports to U.S. Plunge 36% in April Amid Trump’s Tariff Policy

by Team Lumida
5 days ago
Swiss Exports to U.S. Plunge 36% in April Amid Trump’s Tariff Policy

Key Takeaways: Powered by lumidawealth.com Swiss exports to the U.S. fell 36% in April compared to March, while imports from the U.S. dropped 15%, reflecting the impact of President...

Read more
Next Post
silver and gold round coins

Bitcoin Bounces Back but Faces $7B Selling Pressure

Why Private Equity is Betting Big on Bitcoin Miners

Why Bitcoin Miners are the Key to AI Data Center Growth

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Walmart Expands Logistics Services Beyond Its Marketplace: What This Means for Investors

Walmart Sees Opportunity Amid Tariff Turmoil, Maintains Calm at Investor Meeting

April 10, 2025
Nvidia Defies US Controls: $12 Billion AI Chip Sales in China

Nvidia CEO Meets Trump Amid AI Leadership Concerns and Tariff Threats

February 1, 2025
Can Apple’s Vision Pro Bounce Back with a Budget-Friendly Model?

Apple Suppliers in Asia Drop as Trump Threatens 25% Tariffs on iPhones

May 26, 2025

Subscribe to Lumida Ledger

Browse by Category

  • Lifestyle
    • Family Office
    • Health and Longevity
    • Next Gen Wealth
    • Trust, Tax, and Estate
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Latest
    • Macro
    • Markets
    • Real Estate
  • Research
    • Trackers
  • Themes
    • Aging & Longevity
    • AI
    • Biotech
    • CRE
    • Cybersecurity
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
    • Software
Facebook Twitter Instagram Youtube TikTok LinkedIn
Lumida News

Premium insights to help you invest beyond the ordinary. Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser

CATEGORIES

  • Aging & Longevity
  • AI
  • Alt Assets
  • Biotech
  • CRE
  • Crypto
  • Cybersecurity
  • Digital Assets
  • Equities
  • Family Office
  • Health and Longevity
  • Latest
  • Legacy Brands
  • Lifestyle
  • Macro
  • Markets
  • News
  • Next Gen Wealth
  • Nuclear Renaissance
  • Private Credit
  • Real Estate
  • Software
  • Themes
  • Trackers
  • Trust, Tax, and Estate

BROWSE BY TAG

AI AI chips AI demand Amazon Apple Artificial Intelligence Banking Bitcoin China Commercial Real Estate CPI Crypto Donald Trump EARNINGS ELON MUSK ETF Ethereum Federal Reserve financial services generative AI Goldman Sachs Google India Inflation Interest Rates Investment Strategy Japan Jerome Powell JPMorgan Markets Meta Microsoft Nasdaq Nvidia OpenAI private equity S&P 500 SEC Semiconductor stock market Tech Stocks tesla Trump Wells Fargo Whale Watch

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018

No Result
View All Result
  • Home
  • Earnings
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018