US EditionFederal Reserve on Track for Rate Cuts as Labour Market Weakens
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PressNewsAgencyFederal Reserve on track for rate cuts as labour market weakens
WASHINGTON: Federal Reserve policymakers look set to kick off a series of interest rate cuts this month to shore up an increasingly fragile labour market, after a government report on Friday (Sep 5) showed job gr
The US labour market data are an important indicator of the Fed's interest rate decision. What the latest employment figures are likely to mean.
The latest employment data in the U.S. dramatically changed the perception of labor market health and, by extension, of Federal Reserve (Fed) monetary policy.The August report showed an increase of just 22,000 jobs and an increase in the unemployment rate to 4.3%, its highest level since the end of 2021.In addition, the June review confirmed that employment contracted that month for the first time since 2020, which reinforces the idea that labou…
A month ago, the release of disappointing US labor market data for July sent shockwaves through financial markets, prompting President Donald Trump to fire the head of the institution that compiles these statistics. Data released today indicate that the situation worsened even further in August.
US labour market slowdown sparks Fed questions
US job growth slows to 75,000 in August, prompting key insights on economy, markets, and Federal Reserve decisions with Kyle Rodda. The US labour market is showing signs of fatigue, with August’s Non-Farm Payrolls expected to add just 75,000 jobs. That’s a sharp slowdown compared to earlier this year and could point to a cooling economy. Despite the weaker job creation, unemployment remains near historic lows. This unusual combination raises im…
Top event tomorrow at 2:30 p.m.: US labor market data is becoming extremely important for Fed interest rates and markets. A preview of economists is given. The post US labor market data on Friday: Only 75,000 new jobs are expected appeared first on financemarktwelt.de.
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