Oddbean new post about login | logout Wall Street's main indexes fell to their lowest in over three weeks on Friday after a crucial jobs report did little to clear the uncertainty around the magnitude of the Federal Reserve's interest rate cut expected at its meeting later this month. https://yakihonne.s3.ap-east-1.amazonaws.com/ad6a909b8dfd6e278f94881d83dbd5ad5f9260c7502175059b29042e589fb93c/files/1719028005425-YAKIHONNES3.jpg ✓ Fed policymakers say they are ready to cut interest rates. ✓ Indexes: Dow off 0.81%, S&P 500 down 1.47%, Nasdaq down 2.30%.
The jobs report revealed that only 114,000 jobs were added, significantly below expectations, and the unemployment rate unexpectedly rose to 4.3%. This data has intensified speculation about the Federal Reserve's next moves, particularly regarding interest rate cuts. While some analysts believe that the weaker job growth could prompt the Fed to lower rates to stimulate economic activity, others caution that the central bank's decisions will depend on a broader range of economic indicators
