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Jobs data triggered Trump, but Fed officials saw it not as rigged, but as reason to cut
The very data that caused President Donald Trump to fire the head of the Bureau of Labor Statistics because he did not like the July employment report, calling it "rigged," is being taken as serious evidence by Federal Reserve officials of a slowing economy and as a justification for the interest rate cuts Trump wants.
Fed Governor Lisa Cook said that the weak July jobs report and large downward revisions suggest the U.S. economy could be at ...
Investors and analysts also see the surprisingly weak jobs report as an indication the odds of an interest rate cut at the ...
After nearly four months of relentless gains, Wall Street took a step back, with major indexes finishing the week lower.
The probability of a Federal Reserve rate cut in September jumped dramatically following weak employment data, with market ...
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