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FOMC Update: Jobs Data Shifts the NarrativeProvided to Wimkin users by Stock Traders DailyThe Federal Reserve held rates steady at 4.25%–4.50% this week, but pressure is rising—from both inside the Fed and the political sphere.Two Fed governors—Michelle Bowman and Christopher Waller, both appointed by President Trump—dissented, calling for an immediate 25 basis point cut. It’s the first dual Board-level dissent in decades.Fed Chair Jerome Powell responded with firmness, signaling that the Fed will continue to follow the data—not politics. He emphasized that inflation remains elevated, and the Committee requires further evidence of sustained disinflation before acting.Initially, markets responded cautiously:*September cut odds fell to under 50%*Yields rose*Equities softened*Then came Friday’s jobs report, and the tone shifted:*Only 73,000 jobs were added in July (vs. 110,000 expected)*Downward revisions erased another 258,000 jobs from prior months*Unemployment rose to 4.2%This sharp labor market slowdown drove a swift market reaction:*Treasury yields fell*Stocks declined further*Cut odds for September surged above 80%What changed?The dissenters’ warnings—especially about weakening jobs—are now validated. Trump’s campaign to pressure Powell on rate cuts has intensified. Markets now anticipate as many as three cuts by year-end.Implications:The Fed’s majority still seeks caution, but the data now strengthens the case for easing.A September rate cut is increasingly likely—not because of politics, but because the economy is cooling.Upcoming August CPI and labor data will be decisive.Bottom Line:Despite Trump’s pressure and Board-level dissent, the Fed’s policy path is still governed by economic data. But the weak jobs report has significantly altered the outlook. If inflation moderates further, Powell may have no choice but to act.—Report prepared by Stock Traders Daily for Wimkin readers.Stay informed. Stay disciplined. Trade strategically. Link :https://members.stocktradersdaily.com/seo/sponsoredez.php?vendor=187