Reported about 1 month ago
The Federal Reserve is closely watching the upcoming August jobs report, which is expected to influence interest rate cuts in their September meeting. Citi's Chief US Economist Andrew Hollenhorst suggests a potential 50-basis-point cut but emphasizes that the labor market shows signs of weakness, with the unemployment rate having trended upwards for months. The report could provide critical insights for the Fed, as loosening labor conditions and slowing inflation may give them the necessary leverage to adjust rates.
Source: YAHOO