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The Jobs Report That's Quietly Reshaping the Hike Odds
June's jobs report showed just 57,000 payrolls added β weak, with prior months revised down. That complicates the case for a hike, even with inflation elevated.
Bond markets went from pricing under 10% odds of a July hike to 50% in a matter of days. Warsh's testimony is the tiebreaker: whichever story he leans into β soft jobs or sticky inflation β decides which side wins between now and the July 28-29 decision.
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As someone who spent their whole childhood, teens and early 20βs ice skating every weekend, this routine made my eyes well.
The technical elements are exquisite but the message is so deeply powerful and moving. This one will be remembered for a very long time π₯Ίπ
Went to watch my niece play rugby today! Was so proud of her and her team. But accidentally got distracted by the men's under 20's πππ³π³π³π³π