Analysts: Employment data correction further boosted claims that the Fed cut interest rates "
According to online reports, Michael James, managing director of Rosenblatt Securities Equity Trading, said that the revision of U.S. employment data further promoted the idea that the Federal Reserve cut interest rates. We'll get more information from the Consumer Price Index on Thursday morning, but the meaningful decline in labor growth further suggests that the Fed will begin a interest-rate-cutting cycle later this month. This made the overall stock market perform better this morning.
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