Reported about 14 hours ago
A significant government revision revealed that the U.S. economy added 911,000 fewer jobs in the past year than initially reported, marking the steepest downgrade in two decades. The labor market shows signs of weakness, with job growth in August slowing to only 22,000. Economists warn that the Federal Reserve faces a difficult decision regarding interest rates, as continued inflation pressures and potential recession loom, intensifying stagflation concerns.
Source: YAHOO