Veteran Fund Manager Revises July Fed Rate Prediction Post-Jobs Data

A strong June jobs report has led to a reassessment of the Federal Reserve's plans to cut interest rates in July, with the likelihood of a rate cut dropping significantly due to robust employment data and ongoing inflation concerns influenced by tariffs. This suggests the US economy remains resilient, complicating the Fed's balancing act between controlling inflation and supporting employment, and potentially delaying rate cuts until later in the year.