How will the Fed react to the June jobs report?

Mike Armstrong and Paul Lane breakdown the June jobs report and wonder how the Fed will respond to the data. What does the Fed actually look for from monthly jobs reports? What is the misery index? US borrowing costs hit 16-year high as markets unsettled by jobs data. Fight to streamline corporate taxes heats up on Beacon Hill. EV sales growth in first half slowed from torrid pace.