Reported about 2 months ago
Revisions from the US Labor Department reveal that 818,000 fewer jobs were created than anticipated in the past year, prompting State Street Global Advisors' Lori Heinel to emphasize the Federal Reserve's need to act, suggesting a potential 25 basis point interest rate cut in September. While equity markets showed positive signs, Heinel advises investors to remain cautious and data-dependent as the Fed navigates future economic decisions.
Source: YAHOO