Cooling Jobs, Inflation Hopes, and Fed Outlook

Welcome to a new episode of Market Commentary with RFG Advisory’s Chief Investment Officer, Rick Wedell! 

The S&P 500 is up 17.5% year to date, holding around 5,570, and the 10-year Treasury yield has settled near 4.25%. While markets remain strong, recent jobs data points to a softening labor market: Unemployment has ticked up to 4.1%, job openings are down, and quit rates continue to decline.  

What does this mean for the Fed’s next move? Rick breaks down why softer economic data could pave the way for a rate cut as early as September—if inflation follows suit. 

We’re covering: 

  • Market performance year to date 
  • Shifts in the labor market 
  • Inflation trends 
  • Federal Reserve outlook 
  • Risks of a potential economic slowdown 

Tune in to hear how markets are walking a fine line between healthy moderation and emerging concerns, and why the outlook remains steady.  

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