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Instant Reaction: US Job Growth Falls Short, Sets Up Fed Pivot
Podcast |
The Tape
Publisher |
Bloomberg
Media Type |
audio
Categories Via RSS |
Business
Business News
News
Publication Date |
Sep 06, 2024
Episode Duration |
00:24:28

The US hiring fell short of forecasts in August after downward revisions to the prior two months. The data are likely to fuel speculation that the Federal Reserve will deploy a big rate cut in September. Bloomberg's Tom Keene and Paul Sweeney get analysis on the numbers from Renaissance Macro Research Head of US Economic Research Neil Dutta, New Century Advisors Chief Economist Claudia Sahm, Moody's Analytics Chief Economist Mark Zandi, and Bradesco BBI Head of Equity Strategy Ben Laidler.

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