"The Federal Reserve is under pressure to lower its benchmark interest rate following a significant revision to employment data indicating a weaker labor market. The Labor Department's annual revision revealed a substantial decrease in job growth, prompting concerns and calls for rate cuts."
" The Labor Department's revision showed a significant reduction in job creation, with 911,000 fewer jobs added in the 12 months leading up to March 2025 than previously reported. President Trump's administration reacted strongly to the revised data, with claims of manipulation and calls for rate cuts to stimulate the economy. The Fed has maintained its benchmark rate since December despite external pressures, but the revised job figures may push the Fed towards implementing rate cuts."
" Mortgage rates have started to drop in anticipation of potential Fed rate cuts, with the 30-year mortgage rate hitting an 11-month low. The Fed's decision on rate cuts will be influenced by incoming labor market data and the upcoming August inflation figures, which could complicat"
Labor Department annual revisions reduced reported job growth by 911,000 jobs in the 12 months ending March 2025, signaling a weaker labor market. The administration responded with allegations of data manipulation and calls for policy action, urging rate cuts to stimulate economic activity. The Federal Reserve has kept its benchmark rate unchanged since December, but the revised employment figures increase pressure to implement rate cuts. Mortgage rates have begun to fall, with the 30-year rate reaching an 11-month low. The Fed’s decision will depend on incoming labor market reports and upcoming August inflation data, which could affect timing and scope of cuts.
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