The economic slowdown is starting to be felt in the US.
🔔Federal Reserve's Latest Decision🔔
The Federal Reserve has decided to hold interest rates steady for now but has opened the door for a potential rate cut in September. The Fed is starting to shift its focus from inflation to labor market conditions, though inflation remains far from the 2% target. This shift in focus highlights the ongoing challenges in achieving the 2% inflation goal, and recent concerns in the job market.
📉US Job Openings Edge Lower in June 2024
According to a recent report by Reuters, US job openings decreased slightly in June 2024, reflecting a more cautious hiring approach by employers amid economic uncertainties. This decline in job openings signals a potential cooling in the labor market as businesses assess the broader economic landscape.
#US_Job_Market_Slowdown #EconomicAlert #ETH_ETFs_Approval_Predictions #US_Job_opening
