✉news BusinessBanking first seen 1 d ago, last 9 h ago, peak #7
US jobless rate climbs to 4.2%, dimming Fed rate-cut hopes
Original: Jobless rate rises to 4.2%, reducing odds of Fed easing this month
The US unemployment rate has risen to 4.2%, a shift that financial commentators say lowers the likelihood the Federal Reserve will ease monetary policy at its meeting this month. Markets had been pricing in a possible rate cut, and the weaker-than-hoped labour picture complicates the Fed's decision by pointing to both slowing hiring and persistent inflation concerns.
Why now: Investors are watching closely for signals on whether the Federal Reserve will cut interest rates at its upcoming meeting.
Evidence
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