Reported 1 day ago
Federal Reserve officials are expressing growing concerns about the labor market, indicating a potential willingness to cut interest rates as early as September following new data revealing a slowdown in job gains and an uptick in unemployment. This change could align with President Trump's longstanding push for lower rates, despite his claims about the jobs data being 'rigged.' While some Fed members maintain a cautious stance, subtle indications suggest a shift towards a more dovish approach in light of recent employment data, necessitating a careful reassessment ahead of the next policy meeting.
Source: YAHOO