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US Hiring Plunges to 22,000 in August, Intensifying Fed Rate Cut Expectations Amid BLS Leadership Turmoil

US Hiring Plunges to 22,000 in August, Intensifying Fed Rate Cut Expectations Amid BLS Leadership Turmoil

US Hiring Plunges to 22,000 in August, Intensifying Fed Rate Cut Expectations Amid BLS Leadership Turmoil New data released Friday reveals a significant slowdown in the U.S. labor market, with only 22,000 jobs added in August. This figure falls sharply from the 79,000 jobs recorded the previous month and well short of economists’ expectations, further fueling concerns about economic momentum. The U.S. Bureau of Labor Statistics (BLS) report indicates a continued cooling trend in hiring, following a summer marked by…

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Markets Brace for Impact: US Jobs Report Set to Dictate Fed Policy & Rate Trajectory

Markets Brace for Impact: US Jobs Report Set to Dictate Fed Policy & Rate Trajectory

Markets Brace for Impact: US Jobs Report Set to Dictate Fed Policy & Rate Trajectory Financial markets are on high alert today as bond and currency traders eagerly await the release of the crucial US employment report. This highly anticipated data is poised to significantly influence current views on Federal Reserve monetary policy and will likely determine the near-term direction of interest rates across the board. The stakes are particularly high following a recent series of softer-than-expected economic indicators, which…

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