The strong June employment report should ease Federal Reserve officials’ concerns about a sharper-than-anticipated U.S. economic slowdown, but still leaves the door open to an interest-rate cut at their meeting this month. Officials in June appeared to set a low bar for at least a quarter-percentage-point reduction in their short-term benchmark rate to prevent against the economic outlook seriously worsening. But the robust job gains posted last month weaken the case for the half-point cut some market participants anticipated...

Source: Wall Street Journal July 05, 2019 16:13 UTC