Fed Maintains Rates Amid Inflation, Economic Concerns Persist
The Fed maintained the 5.25-5.5% rate in May 2024 due to persistent inflation and a tight labor market amid public concerns about financial futures.
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Labor Market: Friday’s Jobs Report to Show Moderate Growth
The U.S. added 142,000 jobs in August, below expectations. The unemployment rate fell to 4.2%. The cooling job market raises chances for an interest rate cut.
