It looks like the market is finally going to get what it has wanted for over a year—that the labor market was on much weaker footing than previously thought. Economists had forecast a cooling of demand for workers to bring monthly payroll growth down to 180,000. Instead, thePerhaps even more importantly, the unemployment rate unexpectedly surged higher. Defying expectations for the rate to match the prior month’s 4.1 percent, it jumped to 4.3 percent.
. The big difference among Fed officials appeared to be that some would have preferred to cut earlier than others, reflecting different views of the risks to employment and inflation. Powell, at his press conference on Wednesday, seemed to clearly lean toward a preference to cutting in September—so long as the data could plausibly justify a cut.. As a result, we think it locks in a September rate cut.
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
Breitbart Business Digest: Manufacturing’s Slump Undermines Key Kamala Harris ClaimSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Источник: BreitbartNews - 🏆 610. / 51 Прочитайте больше »
Breitbart Business Digest: Trump Proposes an End to the Stealth Social Security Tax on RetireesSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Источник: BreitbartNews - 🏆 610. / 51 Прочитайте больше »
Breitbart Business Digest: Kamala Harris Was the Biggest Cheerleader for BidenomicsSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Источник: BreitbartNews - 🏆 610. / 51 Прочитайте больше »
Breitbart Business Digest: Will the Fed Push Back on Expectations for a September Cut?Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Источник: BreitbartNews - 🏆 610. / 51 Прочитайте больше »
Breitbart Business Digest: Depressed Consumers Are Bad News for Kamala HarrisSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Источник: BreitbartNews - 🏆 610. / 51 Прочитайте больше »
Breitbart Business Digest: Tariffs Are Not Taxes on American ConsumersSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Источник: BreitbartNews - 🏆 610. / 51 Прочитайте больше »