02:39 PM EDT, 08/21/2024 (MT Newswires) -- The minutes of the July 30-31 Federal Open Market Committee meeting showed that some were willing to consider an interest rate reduction at that meeting, but all agreed to wait for more evidence on falling inflation, citing the likelihood of a reduction at the next meeting if the data progress as expected. Recent...

The Federal Reserve has every reason to cut interest rates at its next meeting in September since the U.S. revised its jobs report, according to economists. “A weaker-than-expected job market could pave the way for the Fed to cut by a half percentage point in September,” said Jeffrey Roach, chief economist for LPL Financial. The Fed can effectively temper wage...

The U.S. economy experienced a downward revision of 818,000 non-farm payrolls between April 2023 and March 2024, according to government data released Wednesday. This adjustment represents a 0.5% decrease in overall job gains for the year, a greater fall than major U.S. investment banks like Goldman Sachs and JPMorgan Chase were anticipating. Job figure revisions typically fall within a range...

Editor’s note: This story has been updated to correct a reference to January 2025 in comments from Comerica Bank’s chief economist. The Federal Reserve has every reason to cut interest rates at its next meeting in September since the U.S. revised its jobs report, according to economists. “A weaker-than-expected job market could pave the way for the Fed to cut...