JUNE JOBS DATA COULD DECIDE JULY RATE CUT: TD SECURITIES Two Fed officials back a July rate cut, but most aren’t ready yet. TD Securities says it may take a big miss in Thursday’s June jobs report to trigger a cut. If unemployment jumps toward the Fed’s 4.5% year-end forecast (from 4.2% in May), easing could come sooner, TD notes. While TD doesn’t expect such a sharp rise, it says the risk isn’t low.