Fed Officials Signal Potential Rate Cuts Amid Labor Market Concerns
Rising unemployment and declining job satisfaction prompt discussions on easing monetary policy at Jackson Hole.
- Unemployment rate has increased from 3.7% to 4.3% over the past year.
- New York Fed survey shows growing job insecurity and dissatisfaction with pay.
- Fed officials express readiness to cut interest rates to prevent further job market weakening.
- Upcoming payroll data revisions and August hiring numbers are critical for Fed's next steps.
- Fed Chair Jerome Powell to address economic outlook at Jackson Hole conference.
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