TechFlow news, on July 3, according to Jinshi Data, the market's focus has been on the expected rise in unemployment, but the actual unemployment rate dropped to 4.1%, making the July Federal Reserve meeting less significant. Gregory Faranello, Head of U.S. Rates Trading and Strategy at AmeriVet Securities, said: "The biggest issue is unemployment. The door for a rate cut in July is now closed, and the Fed will be 'on vacation' this summer." The Fed's trigger for action is employment, which gives Fed Chair Powell room to remain cautious.
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