Reported about 2 months ago
The recent revision of US payroll numbers, revealing a decrease of 818,000 in net job gains, is not expected to significantly alter the Federal Reserve's outlook on interest rates, according to Deutsche Bank Securities economist Brett Ryan. He emphasizes that while the Fed recognizes the slowing labor market, the revision indicates a relatively stable trend over the past months, supporting a possible interest rate cut in September. Despite this, he suggests that there won't be aggressive cuts immediately, and awaits Fed Chair Jerome Powell's details from the upcoming Jackson Hole speech.
Source: YAHOO