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Sluggish US jobs report clears the way for Federal Reserve to cut interest rates

  • Employers added a modest 142,000 jobs, up from 89,000 in July, as reported by the Labor Department.
  • The Federal Reserve plans to cut its key interest rate during its meeting on Sept. 17-18, given the cooling job market and falling inflation.
  • Christopher Waller suggested a quarter-point reduction this month but noted larger cuts are possible if needed.
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Associated Press NewsAssociated Press News

Sluggish US jobs report clears the way for Fed to cut interest rates

Hiring by America’s employers picked up a bit in August from July’s tepid pace, and the unemployment rate dipped for the first time since March in a sign that the

·United States
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Hindustan TimesHindustan Times

US stock futures fall as traders brace for Friday's crucial job report ahead of Federal Reserve interest rate cut

US stock futures fell and the dollar weakened as traders prepared for jobs data that will be critical in determining the size of a Feds interest rate cut.

·New Delhi, India
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VOA NewsVOA News

Sluggish US jobs report clears way for Federal Reserve to cut interest rates

WASHINGTON — Hiring by America’s employers picked up a bit in August from July’s tepid pace, and the unemployment rate dipped for the first time since March in a sign that the job market may be cooling but remains sturdy.   Employers added a modest 142,000 jobs, up from a scant 89,000 in July, the Labor Department said Friday. The unemployment rate ticked down to 4.2% from 4.3% in July, which had been the highest level in nearly three years. Hir…

·United States
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nprnpr

The latest jobs report could guide the Federal Reserve's decision on interest rates

This week's jobs report offered a mixed picture of the strength of the U.S. job market. That's a challenge for the Federal Reserve as it tries to decide how aggressively to cut interest rates.

·Washington, United States
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Rocky Mountain OutlookRocky Mountain Outlook

Sluggish US jobs report clears the way for Federal Reserve to cut interest rates

WASHINGTON (AP) — Hiring by America’s employers picked up a bit in August from July’s tepid pace, and the unemployment rate dipped for the first time since March in a sign that the job market may be cooling but remains sturdy.

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Washington Top NewsWashington Top News

Sluggish US jobs report clears the way for Federal Reserve to cut interest rates

FILE - A linesman works on power lines under the morning sun, July 12, 2024, in Phoenix. (AP Photo/Matt York, File)(AP/Matt York) FILE - A linesman works on power lines under the morning sun, July 12, 2024, in Phoenix. (AP Photo/Matt York, File)(AP/Matt York) WASHINGTON (AP) — Hiring by America’s employers picked up a bit in August from July’s tepid pace, and the unemployment rate dipped for the first time since March in a sign that the job m…

·Washington, United States
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