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Fed Might Focus on Weakening Labor Market Rather Than Inflation as It Mulls Rate Cuts: Economists

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Helene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.

Thursday's CPI report showed further signs of cooling prices although inflation is far from the Fed's 2% goal.

Even though Friday’s less-closely watched Producer Price Index data came in hotter than expected, traders remained confident that the central bank will cut rates in September. Odds for that are currently just under 95%, according to The U.S. unemployment rate has increased for three consecutive months to 4.1% in June from 3.8% in March.

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