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Sep. jobs report builds case for smaller Fed rate cut
Blowout September jobs data points to solid economy and slower Fed rate cuts, analysts say
September's 245,000 new jobs topped consensus forecasts by about 100,000. This means the Fed can probably slow the pace of rate cuts, economists said.
Fed's Barkin says rates were 'out of sync' before September cut, inflation fight not done
The U.S. central bank's half-percentage-point interest rate cut last month was an acknowledgement that its policy rate was "out of sync" with where the economy stands, but shouldn't be taken as a sign that the battle with inflation is finished,
Larry Summers says jobs report shows Fed's half-point rate cut was 'a mistake'
Famed economist Larry Summers said Friday that the September jobs report shows the Federal Reserve's 50-basis point rate cut was "a mistake," in hindsight.
6h
Federal Reserve Watch: On To The Next Stage
The Federal Reserve is tightening policy, but M2 money stock is rising, supporting the US economy and stock markets despite ...
2d
on MSN
Average Rate on a 30-Year Mortgage in the U.S. Ticks up to 6.12%, First Increase in 7 Weeks
The average rate on a 30-year mortgage is down from 7.22% in May, its 2024 peak. Rates have been mostly declining since July ...
1d
US hiring in September exceeds market expectations
Hiring in the US blew past expectations in September, easing fears of a weakening labor market and supporting the case for ...
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