Fed's Unofficial Mouthpiece: 'Today's Jobs Report to Decide Size of Rate Cut'
CryptoNewsTerminal Staff05 Sep, 2024
Fed's Unofficial Mouthpiece: 'Today's Jobs Report to Decide Size of Rate Cut'
The US August nonfarm payroll and unemployment rate will be released today at 21:30 PM ET. A disappointing print could increase the odds of a 50 basis points cut at the end of the month. The Fed remains on track to cut rates regardless of today's release, but a poor print might convince the central bank to become more aggressive. In turn, this would likely send the stock market soaring to fresh all-time highs.
