Job Market Gives Fed Cover to Extend Interest Rate Pause

Federal Reserve officials were concerned about the labor market less than six months ago, leading to a double interest rate cut in a bid to preserve economic strength. However, current data shows a strong and stable labor market, prompting officials to hold rates steady for the time being. While some economists predict modest rate cuts by the end of the year, uncertainties around inflation, immigration policy, and tariffs could impact future decisions.

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