US Job Data Revision Impacts Federal Reserve Rate Decisions, Macy’s Earnings Decline

Reported about 2 months ago

The Bureau of Labor Statistics has revised US job numbers, revealing 818,000 fewer jobs than previously reported for the year ending March 2024, raising concerns about potential Federal Reserve rate cuts. While Target and TJX Companies saw positive quarterly results, Macy’s stocks dropped significantly after disappointing same-store sales.

Source: YAHOO

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