Reported 2 days ago
The unexpectedly weak jobs data for July has intensified the debate within the Federal Reserve regarding interest rate cuts, with two governors arguing for a more accommodative approach as economic growth slows. The Labor Department's report showed only 73,000 jobs added and a slight increase in unemployment, leading some Fed officials to believe that preemptive rate cuts may be necessary to support the labor market. However, others maintain confidence in their current policy stance, citing a balanced labor market and ongoing inflation concerns.
Source: YAHOO