Reported about 1 month ago
The August jobs report revealed a lower-than-expected addition of 142,000 jobs, prompting discussions about the Federal Reserve's potential rate cuts. While Gary Schlossberg of Wells Fargo highlights that there is 'no smoking gun' to guide Fed actions based on this report, he remains cautiously optimistic about a soft landing for the economy, noting the necessity for more data and the possibility of a recession as job openings decline and underemployment rises.
Source: YAHOO