June Hiring Slows as Fed Rate Hike Bets Ease

The June jobs report came in weaker than expected, giving investors reason to believe the Federal Reserve may have less pressure to raise interest rates even as inflation remains a major concern.Mike Armstrong and Marc Fandetti break down why job growth slowed sharply in June, why the unemployment rate fell for a less encouraging reason, and how the latest labor market data could affect Kevin Warsh’s Fed. They also discuss Anthropic’s AI model controversy, why China’s latest AI advances complicate U.S. regulation, how powerful cybersecurity tools could create major risks for the financial system, what new Trump accounts mean for families saving for children, and why Michael Burry is warning again about the AI trade.