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Labor department's data upset may have sealed the deal for a base rate cut
The resignation of FOMC member Adriana Kugler also opens the door for a more dovish Fed shift.
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cnbc.com
Wall Street reacts to horrible July jobs report: September rate cut is back on the table
The CME Group’s FedWatch tool shows a 66% chance that the Fed lowers its benchmark rate by 0.25 percentage point in September.
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Jim Cramer has an urgent message for Fed chief Powell after July's terrible jobs growth
This is a number that says: Fed Chairman Jerome Powell, "you didn't need to wait" on rates, Jim Cramer said Friday.
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BlackRock's Rick Rieder says a half-point rate cut by the Fed in September is possible
Rieder's comment came after data showed U.S. labor market suffered a sizable slowdown in the past few months.
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fortune.com
Trump orders firing of government labor data chief after jobs report stuns market with massive revisions to previous reports
Stocks fell sharply as investors digested weak employment numbers alongside the turmoil within the government’s statistical agencies.
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The shock jobs report sets off this recession alert and holds fresh clues that AI may be boosting unemployment, JPMorgan says
"In episodes when labor demand slides with a growth downshift, it is often a precursor to retrenchment."
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Labor department's data upset may have sealed the deal for a base rate cut
The resignation of FOMC member Adriana Kugler also opens the door for a more dovish Fed shift.