A key government report on Friday is expected to show slowing, but steady, job growth in June, with forecasters increasingly confident that the U.S. economy is cruising in for a 'soft landing.'Recent economic signals show that the labor market is normalizing: The nation's unemployment rate has remained at or below 4% for 30 consecutive months.
4% the previous month, which would align with other recent data suggesting that inflation is gradually fading. When will the Fed cut interest rates?The Fed's central challenge in nursing the economy back to health after the pandemic has been to help balance the supply and demand of workers without tipping the economy into a recession. And so far, the central bank has largely defied critics who predicted that aggressive monetary tightening would lead to a crash.