Labor market has a 'clear story' of concern: Strategist

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Tim Murray News

Investor Confidence,Labor Market,Consumer Price Index

July's Consumer Price Index (CPI) data aligned with expectations, securing investor confidence in a Federal Reserve rate cut this September. Tim Murray, T...

securing investor confidence in a Federal Reserve rate cut this September. Tim Murray, T. Rowe Price Capital Markets strategist of the Multi-Asset division joins Market Domination Overtime to share his outlook on market trends and future Fed actions.

Do you feel like the market cares a little bit more about labor market data right now than inflation data? But think what you can say is the market, you look at the futures market, the fed funds futures market, it's pricing in about 100 basis points of cuts over the balance of the year. If you think about the three meetings, you know, November, you're going to have the election and they're not going to want to do a big, big move there in December is probably a little too long to wait.If we get maybe three cuts or maybe it's even two cuts, I mean, you could sort of argue that that might happen because labor market data is coming in better than we thought.

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