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Nonfarm Payroll Cooling Eases Urgency for July Rate Hike as Dot Plot Shift Supports Higher-for-Longer View

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2026-07-06 03:42:12
Cooling in nonfarm payrolls has reduced the perceived urgency of a July interest-rate hike, while an upward shift in the dot plot has reinforced expectations that rates will stay higher for longer.

According to Jin10, tight labor conditions and inflation pressures have supported a rebound in market pricing for Bank of Japan rate hikes.

JPMorgan also said it closed its long U.S. dollar positions in mid-June.
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