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Worst Three Months for Jobs Growth Since Pandemic | Open Interest 8/01/2025
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August 1, 2025
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1:36:56Now PlayingGet a jump start on the US trading day with Matt Miller, Katie Greifeld and Sonali Basak on "Bloomberg Open Interest." The July jobs report came in much weaker than expected, but the downward revisions to June came in as an even greater shock. These slower job growth numbers are boosting bets for the Fed to cut rates. Cleveland Fed President Beth Hammack tells Open Interest that she thinks the labor market is overall healthy and she is confident in the Fed’s rate decision this week, meanwhile BlackRock’s Rick Rieder says he expects a rate cut in September. Greg Ebel, President & CEO of Enbridge, joins Open Interest to discuss booming demands in the energy industry.
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