The U.S. Initial Jobless Claims recorded a new ATH since August 2023 😦
Even though the 🇺🇸 labor market is getting worse, market participants anticipate that the first federal funds rate cut will be on this September.
The 🇺🇸 CPI(Consumer Price Index) is getting stablized and decreased over time. If the Fed is late to decrease the interest rate in the future, it might not be a soft landing.
The next FOMC meeting is in around 10 days left. I hope that Powell, the chairman of the Fed will make a political decision for the monetary policies 🙏
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