The jobs number surpassed everyone's expectations. Cue the complaints about the Fed
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The Federal Reserve cut interest rates by 50 basis points in September 2024; job market data released on October 5, 2024, exceeded expectations; analysts criticized the Fed's decision, questioning the need for the rate cut; Seema Shah and James Knightley argued for rate hikes instead; Fed Governor Michelle Bowman dissented, preferring a smaller cut; the Fed acknowledges uncertainty in economic forecasts; optimism exists as inflation nears the 2% target and job gains remain strong; Gina Bolvin expressed increased bullishness on the economy.

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https://www.erienewsnow.com/story/51563458/the-jobs-number-surpassed-everyones-expectations-cue-the-complaints-about-the-fed