Ernst & Young: The Federal Reserve is likely to keep interest rates unchanged before the end of the year.

Ernst & Young-Parthenon Consulting expects that even with the non-farm payroll report being released on Friday, the Federal Reserve will maintain interest rates at their current level until the end of the year. Wall Street anticipates that 830,000 jobs will be added in July, but Ernst & Young indicates that the labor market remains stable, making it unlikely to shift the Fed's policy focus. The firm states that further interest rate hikes would only be warranted if there is a significant and sustained increase in inflation or a notable rebound in employment.