The Fed has been 'shaken' from its path by a softening labor market, and will deliver steeper rate cuts as a result, JPMorgan says

The Fed is shifting its gradualist stance amid uncertain labor market data, which will prompt steeper rate cuts, JPMorgan analysts say.

https://www.businessinsider.com/fed-rate-cuts-labor-market-federal-reserve-jerome-powell-unemployment-2024-8