Reported about 13 hours ago
Recent employment reports reveal a significant slowdown in the U.S. job market, with only 22,000 jobs added in August, well below expectations. This has raised the likelihood of the Federal Reserve cutting interest rates when they meet later in September, as falling employment figures suggest a weakening economy. Subsequently, stock market reactions have been mixed; while lower rates could benefit growth stocks and sectors like homebuilders, the overall market remains cautious amid recession fears.
Source: YAHOO