Reported 11 months ago
The U.S. job market beat expectations, leading to uncertainty on when the Federal Reserve will start easing policy this year. With job growth picking up and unemployment dropping below 4%, there is a possibility of delaying the rate cuts that were previously expected to start in September. Analysts predict fewer rate cuts this year than previously anticipated, as the strong employment gains may push back the need for interest rate reductions. The Federal Reserve's upcoming meeting will shed more light on the policy outlook and the potential impact of the latest labor market data on inflation and borrowing costs.
Source: YAHOO