What do interest rate cuts in Europe mean for the U.S.?
The European Central Bank delivered on its promise of June interest rate cuts, its first since 2019. The U.S. Federal Reserve is still deciding whether to do the same this year. But what the ECB does won\u2019t affect the Fed\u2019s decision, since European interest rates don\u2019t impact U.S. job growth or prices. Also in this episode, the history of the federal jobs report, the cost of congestion pricing and the future of tourism on the Rio Grande.