Reported 2 months ago
Recent data indicating slower job growth and a rising unemployment rate has sparked worries that the Federal Reserve may have delayed necessary interest rate cuts. July's addition of 114,000 jobs fell short of expectations, leading some analysts to suggest that the Fed could initiate rate reductions as soon as September. The job numbers have raised fears of an impending recession, despite some officials downplaying immediate risks in the labor market.
Source: YAHOO