Fed Unlikely to Cut Rates Despite Market Turmoil

Fed's Focus on Employment and Price Stability
The recent U.S. job market slowdown has caused global stock market unrest, leading some to speculate about a potential Federal Reserve interest rate cut. However, the odds of a cut before the September meeting are slim. Chicago Fed President Austan Goolsbee emphasized that the Fed's mandate prioritizes employment and price stability, not stock market performance. This perspective suggests that a premature rate cut is unlikely.