🎯 The Fed's future monetary policy now depends on the labor market! (Yahoo)

▫️In September #FED will cut the rate for the first time since 2020 - the probability is almost 100%. By 25 or 50 bp. may depend on the Nonfarm Payrolls report for August.

▫️The Fed's balance sheet has shrunk by $37.7 billion in one week.

▫️Harker, Fed Chairman: "We need to start the process of lowering interest rates."

▫️Goolsbee, Fed Chairman: "I support the Fed's new focus on the labor market. Given the macro data, we can already cut the rate, the Fed has achieved its goals."