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The August jobs report reinforces 'waning vigor' in the labor market and the Fed should deliver a big rate cut, JPMorgan says

By Yahoo! Finance   |   3 months ago
The August jobs report reinforces 'waning vigor' in the labor market and the Fed should deliver a big rate cut, JPMorgan says

JPMorgan's chief economist, Michael Feroli, suggests a significant rate cut following the August jobs report, showing a slowdown in the US labor market. With the unemployment rate dropping to 4.2%, a more substantial cut is recommended to address the cooling labor market.

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