Fed’s Rate Hike Pressure Drops | Business and Finance News

Fed Chair Kevin Warsh just got a reprieve: new job and inflation data have slashed the odds of a September rate hike, easing pressure on the central bank. A surprise 23K job loss and downward revisions to prior months’ gains, paired with cooling inflation, mean the Fed’s dual mandate is less urgent — good news for stocks, especially AI-driven growth names like those on the Nasdaq. But don’t relax yet — these are snapshots, not trends, and global risks could still push rates or inflation higher later this year. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/d55fc15eb1cec57f