Cool jobs report sets stage for interest rate cut
Coming in lower than expected for the second consecutive month, the federal jobs report guarantees the Federal Reserve will cut interest rates by at least 0.25% later this month.
Wall Street stumbles on bad jobs, economic data
Poor jobs and economic data have investors turning bearish, as interest rate cuts are already priced into markets.
The Fed welcomes a ‘soft landing’ even if many Americans don’t feel like cheering
The relatively sour mood of the public is creating challenges for Vice President Kamala Harris as she seeks to succeed President Joe Biden. Despite the fall of inflation and strong job growth, many voters say they're dissatisfied with the Biden-Harris administration's economic record — and especially frustrated by high prices.
