Reported about 1 month ago
Newly released jobs data shows a significant decline in job creation, leading to speculation that the Federal Reserve may have to cut interest rates more deeply than anticipated in response to a potentially weakening job market. The August employment report indicated only 99,000 jobs were added, falling short of expectations, while unemployment claims remained relatively stable. This has raised concerns about a potential shift in economic conditions, prompting Fed officials to consider a more aggressive stance as they prepare for their upcoming meeting.
Source: YAHOO