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EY-Parthenon expects the Fed to keep interest rates unchanged through year-end, citing a stable labor market despite Wall Street's payroll expectations.
EY-Parthenon believes the labor market remains stable and is unlikely to shift the Fed's focus, even after Friday's jobs report. The firm states that only broader, more persistent inflation or a meaningful reacceleration in hiring would justify further rate hikes. Wall Street expects July payrolls to rise 83,000.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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