📰 Fed’s Williams Talks Labor Market & Rate Cuts

Federal Reserve official Williams said the U.S. labor market is gradually cooling, though still strong. The unemployment rate rose slightly to 4.2% in July from 4.1% in June, while weak non-farm payroll data gives Fed Chair Powell room to push for rate cuts.

Williams emphasized downward revisions to May and June job growth as the main takeaway, showing a slowdown in labor momentum. While the market expects a rate cut in September (80%), Williams stayed cautious, saying both markets and policymakers face similar challenges.

He expects U.S. growth to slow to 1% in 2025, with recovery possible in 2026.

$SOL

SOL
SOLUSDT
86.89
-0.34%

$XRP

XRP
XRPUSDT
1.4425
+1.53%

$ETH

ETH
ETHUSDT
2,084.59
+0.18%