Reported about 8 hours ago
The Federal Reserve is anticipated to cut its benchmark interest rate at its upcoming meeting after the release of a disappointing jobs report, which showed significantly lower job growth than expected. Analysts now predict a likelihood of a reduction by at least 25 basis points, with some forecasting a potential cut of 50 basis points. This shift reflects the Fed's need to address concerns over unemployment, as officials navigate the delicate balance between combating inflation and supporting job creation.
Source: YAHOO