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Schwab Network

What a Weaker June Jobs Print Means for U.S. Economy & Fed

7 min2 juli 2026

The June jobs report signals some surprise weakness on the Fed's employment side of the dual mandate, says Jeff Pierce of Charles Schwab. However, he doesn't believe it points to signs of recession. Jeff outlines what the print means for the FOMC's path forward on interest rates and explains how Fed Chair Kevin Warsh's commentary plays into his reasoning.


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