Fed's Rate Decision Uncertain After Mixed Jobs Report

Recent jobs report sparks debate on Feds interest rate decision: A closer look at the numbersThe latest jobs report, though delayed, has left experts and financial markets divided on whether the Federal Reserve will lower interest rates or keep them the same at its next meeting. The report showed more jobs were added than expected, but the unemployment rate also rose slightly. The number of jobs added in September was 119,000, much higher than the predicted 51,000. However, the unemployment rate increased to 4.4% from 4.3%, a level it has been slowly approaching. The reports mixed signals have made the decision to cut or hold rates in December a close call, adding to the uncertainty.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.