Labor Market Recap June 2024: Fed, Start Thinking About Cuts

They're thinking about it. They've been thinking about it.

They're seeing that inflation is still slightly above their target. Unemployment has leveled off at right about their target.

The real inflation is in stock markets, which have recently set records, and are still near there. Businesses who want to expand shouldn't need Fed money. The investment money is out there, and it shouldn't be up to the Fed to coax them into making investments.

They will if they have to, but they know that it will raise inflation, and they're already not happy about consumer prices. So business blogs like this can try to encourage the Fed to goose the markets, but they're not going to do it just to give investors a payday.