The U.S. Initial Jobless Claims recorded a new ATH since August 2023 😦

Source: Investing.com

Even though the 🇺🇸 labor market is getting worse, market participants anticipate that the first federal funds rate cut will be on this September.

The 🇺🇸 CPI(Consumer Price Index) is getting stablized and decreased over time. If the Fed is late to decrease the interest rate in the future, it might not be a soft landing.

Source: CME FedWatch Tool

The next FOMC meeting is in around 10 days left. I hope that Powell, the chairman of the Fed will make a political decision for the monetary policies 🙏