Rate of Change: The Fed's Tightrope Walk The recent jobs data has sent financial markets into a tailspin, downgrading expectations for a September rate hike by the Federal Reserve.
Futures markets are now split on where the Fed will end up by year's end, with some still holding out hope for tightening to tackle stubborn inflation.
The July employment report showed a loss of 23,000 jobs, with the unemployment rate dipping to 4. 1%. However, this decline is largely due to workers leaving the labor force rather than finding new employment.