Reported 2 months ago
The recent jobs report showed unexpected weakness, particularly in the tech and professional services sectors, leading to speculation about potential rate cuts by the Federal Reserve. Kelsey Berro, a portfolio manager at JP Morgan, noted that while the report may solidify expectations for a September rate cut, more data is needed to assess the trend. This raises questions about future rate cut timings, with suggestions that a weakening labor market could be a key factor influencing more frequent cuts.
Source: YAHOO