Reported about 1 month ago
The August jobs report, showing 142,000 job additions and a dip in unemployment to 4.2%, indicates a cooling labor market, reinforcing expectations for a Federal Reserve interest rate cut of 25 basis points. Two Fed officials advocated for this adjustment, emphasizing that while the job market is moderating, it's not leading towards a recession. Anticipation surrounds the upcoming Fed meeting as markets speculate on the magnitude and frequency of potential rate cuts, with a consensus leaning towards a cautious approach amidst encouraging inflation trends.
Source: YAHOO