macro · settles Jul 2, 2026

Payrolls below +100k in June (July 2 release)

AI Baseline28.0%refreshed yesterday

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Catalyst

Payrolls below +100k in June (July 2 release)

settles Jul 2, 2026 · AI 28.0%

AI Projection · P(target | catalyst = YES)13.0% +7.0 pts

A sub-100k June print is the one data point that could pull a cut forward to July.

refreshed yesterday

If the catalyst resolved YES today, what's the probability of the target?

your estimate

13.0%
0%100%
Target AI Baseline 6.0%AI Projection 13.0%
Payrolls < 100k · Jun → Fed ≤ 3.50% · Jul FOMC — Consequitur