💰💹💼 Fed Guys Eyeing Da June Jobs Report, Goin’ Decide on Da Kala

⬇️ Pidgin | ⬇️ ⬇️ English

Eh, da Fed Reserve folks, dey stay thinking hard ’bout how plenny times mo’ fo’ lift da interest rates dis year. Da key going be how strong da economy stay — specially da job market, yeah. 👷‍♀️👨‍🔧🌍💪

Dese Fed Reserve guys and gals, dey stay talking story ’bout how far dey gotta hike da interest rates so da inflation can come back to da kine normal pace, and dat one probably going depend choke on how strong da job market stay.📊📈💸

Da big kahunas at da Fed, dey going watch da employment report on Friday real close like, ’cause dat da last time dey going get da scoop on job growth befo’ dey meeting on July 25-26. Dey looking fo’ some kine hint ’bout how much power still stay in da American economy. 🗓️🔍🇺🇸💼

Dese Fed officials, dey been stoked by how da economy been stay powering on 16 months into deir push fo’ slow ’em down by lifting da interest rates. Cuz when dey raise da rates, da kine borrowing money get more expensive, yeah. And even though da growth been kinda slow, da housing market been start fo’ get more stable, and da job market been stay unreal strong wit’ plenny chances and solid pay growth. But da Fed officials, dey stay worry dat if da wage growth stay super fast, could be hard fo’ bring da high kine inflation all da way back to their 2 percent goal. 🏠💵📈

Dass why dey been so tough, and da fast kine inflation — especially fo’ services — dass why dey planning fo’ keep lifting da interest rates, which dey already wen put above 5 percent fo’ da first time in ’bout 15 years. Dese big shots, dey been boost da rates more small kine dis year than last year, and dey even wen skip raising da rate at their June meeting fo’ da first time in 11 times. But some of da policymakers, dey been straight up dat even as da pace slow down, dey still going raise da interest rates more. 💰💹📈

“Sometimes good fo’ skip one meeting and go mo’ slow,” dass what Lorie K. Logan, da head honcho of da Federal Reserve Bank of Dallas, wen say during one speech dis week, while saying dass important fo’ da officials to keep lifting da rates. 🏦💼💬

She even wen add, “if da inflation and da job market stay change kinda how we wen expect, not really going change da outlook.” 📉👩‍💼💬

Da Fed guys, dey wen predict in June dat dey going lift da interest rates two more times dis year — if dey move ’em quarter-point at a time — and dat da job market going get a little bit soft, but not too much. Dey wen see da unemployment rate going up to 4.1 percent from 3.7 percent now. 📅🔮💸

Investors, dey expect da Fed guys for sure going lift da interest rates at their July meeting, and how strong da job market stay could help shape da outlook after dat. Even though da policymakers not going release new economic projections till September, Wall Street going keep one eye on how da policymakers stay react to da kine economic stuffs fo’ guess if anodda move dis year going happen. 🕴️💼💹📊

---

NOW IN ENGLISH

💰💹💼 Federal Reserve Observers Eye June Jobs Report, Decisions on Interest Rates Looming

The Federal Reserve team is giving serious thought to how many more times they need to increase interest rates this year. The deciding factor is expected to be the strength of the economy — specifically the labor market. 👷‍♀️👨‍🔧🌍💪

These Federal Reserve experts are discussing the extent to which they need to raise interest rates to ensure inflation quickly returns to a regular pace. This strategy is likely to depend heavily on the robustness of the job market. 📊📈💸

Federal Reserve leaders will be scrutinizing the employment report due on Friday. This will be the last update on job growth they will receive before their meeting on July 25-26. They are searching for hints about the remaining momentum in the American economy. 🗓️🔍🇺🇸💼

Fed officials have been impressed by the sustained strength of the economy, now 16 months into their initiative to decelerate its growth by increasing interest rates. This action makes borrowing money more expensive. Although growth has slowed down, the housing market is beginning to stabilize and the job market remains exceptionally robust with abundant opportunities and solid wage growth. Federal Reserve officials are concerned that if wage growth continues at its current rapid pace, it could make it challenging to return elevated inflation fully back to their 2 percent target. 🏠💵📈

Their determination, and the rapid rate of inflation, particularly in services, is why they plan to continue raising interest rates. Rates have already been elevated above 5 percent for the first time in about 15 years. Officials have been raising rates in smaller increments this year than last year, and for the first time in 11 sessions, they refrained from an interest rate increase at their June meeting. However, several policymakers have made it clear that, even as the rate of increase moderates, they still expect to continue raising interest rates. 💰💹📈

“Sometimes it’s sensible to skip a meeting and move more gradually,” noted Lorie K. Logan, the president of the Federal Reserve Bank of Dallas, during a speech this week. She also highlighted the importance for officials to continue to increase rates. 🏦💼💬

Logan further commented that “if inflation and the labor market are evolving more or less as expected, it really wouldn’t change the outlook.” 📉👩‍💼💬

In June, Federal Reserve officials projected that they would raise interest rates two more times this year — assuming they increase them in quarter-point increments. They also predicted a slight softening in the labor market. They forecast the unemployment rate rising to 4.1 percent from the current 3.7 percent. 📅🔮💸

Investors widely anticipate Federal Reserve officials will raise interest rates at their July meeting. The strength of the labor market could be influential in shaping the outlook following that decision. While policymakers will not release new economic projections until September, Wall Street will keep a keen eye on how they are responding to economic developments in order to speculate whether another move is likely this year. 🕴️💼💹📊