 The Fed's next two-day meeting on interest rates starts July 30th. Investors aren't expecting a rate cut until the September meeting, though. I'm Nancy Marshall-Genzer for Marketplace. Although the government's survey of payrolls tells a story of about 1,000 or 200,000 more people getting hired each and every month, a parallel government survey of households finds the unemployment rate up half a percent in a year, 4.5%.