financial markets – Page 3 – One America News Network

Traders see Fed starting with 25 bps cut in Sept

Traders priced in a quarter-point Federal Reserve interest-rate cut this month with a bigger move expected at its next meeting.

Federal Reserve policymakers are increasingly attentive to the U.S. labor market as they prepare for a policy-setting meeting later this month.

U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services.

U.S. retail sales were unchanged in June as a drop in receipts at auto dealerships was offset by broad strength elsewhere.

U.S. consumer prices fell for the first time in four years in June amid cheaper gasoline and moderating rents.

The Labor Department’s employment report also showed the economy created 111,000 fewer jobs in April and June than previously estimated.