U.S. Economy Loses 92,000 Jobs, Fueling Speculation of Fed Rate Cuts

Fresh U. S. labor market data has intensified expectations that the Federal Reserve may soon move toward rate cuts after the economy shed around 92,000 jobs, signaling cooling employment conditions. The data from the Bureau of Labor Statistics pushed unemployment to roughly 4. 4%, raising concerns about a broader slowdown. Following the report, Michelle Bowman acknowledged the … source: https://coinpedia.org/news/u-s-economy-loses-92000-jobs-fueling-speculation-of-fed-rate-cuts/