Federal Reserve Chair Kevin Warsh faces reduced pressure to raise interest rates after two U.S. Bureau of Labor Statistics reports showed unexpected job losses and cooling inflation. The July jobs report released on Aug. 7, 2026 revealed the economy lost roughly 23,000 jobs versus expectations for an 83,000 gain, with May and June figures revised down by a combined 103,000 jobs. Five days later, the Consumer Price Index rose 0.1% from June and 3.4% year over year, an improvement from June's 3.5% increase. CME Group's FedWatch now puts the probability of a September rate hike at 33%, down from roughly 82% a few weeks earlier, while Kalshi shows a 73% chance the Federal Open Market Committee leaves rates unchanged next month. The shift has boosted rate-sensitive growth stocks, with the Nasdaq-100 outperforming the S&P 500 and Dow Jones Industrial Average so far in August, though traders still see a 67.6% chance of a hike by December 2026 and risks remain from potential escalation in the Iran war.
CoreWeave, Inc. Class A Common Stock
Nebius Group N.V.
NVIDIA Corporation
CME Group Inc