Is the Labor Market Weak Enough to Warrant a 50 Basis Point Fed Cut?
September 12, 2024 at 08:00 AM EDT
Last week, the long-awaited labor data showed a weakening labor market, but didn’t give clear signals for the Fed to cut rates by 50 basis points at the FOMC meeting next week. Nonfarm payrolls for August increased by 142k, below average expectation of 165k. Job growth for the prior two months was also revised lower, [...] The post Is the Labor Market Weak Enough to Warrant a 50 Basis Point Fed Cut? appeared first on ETF Trends .
