Fed Expected to Cut Rates Amid Job Market Slowdown

The Federal Reserve is poised to cut its key interest rate next week, aiming to bolster a job market thats showing signs of slowing down. Despite concerns about potential inflation, the central bank is expected to lower rates by a quarter-point, marking the third cut in as many meetings. Recent labor market data has shown a slowdown in hiring, giving weight to those advocating for rate cuts. The Feds dual mandate of price stability and unemployment prevention presents a challenge, as lower rates can stimulate economy but also contribute to inflation.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.