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Jobs report will help Federal Reserve decide how much to cut interest rates

Por: The Boston Globe Business September 06, 2024

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WASHINGTON (AP) — Friday’s monthly jobs report will likely mark a pivotal moment for the economy and the Federal Reserve.If it shows that hiring was weak in August and that the unemployment rate rose — similar to the unexpectedly soft figures for July — it would heighten worries that the job market is stumbling. The Fed might then seek to deliver a stimulus with a larger-than-usual interest rate cut of a half-percentage point when it... + full article



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