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‘Decisive’ US Jobs Report Comes Up Inconclusive
Those looking for definitive answers to the myriad macro questions confronting investors and policymakers on the eve of the first Fed rate cut were left wanting Friday, when the US government delivered a monthly employment report which, on some vectors anyway, was inconclusive.
The world's largest economy added 142,000 jobs in August, the BLS said. Technically, that was a miss. Consensus wanted 165,000. But if you benchmark against US rates rather than economists' forecasts, the headline counte
I have thought for the last week or so the Fed should go 3/8. Split the difference and move on. If necessary they can go 3/8 in November as well.