Fed Cuts Rate, Prioritizes Jobs Over Inflation

The Federal Reserve recently lowered its key interest rate, prioritizing job market health over inflation. This move comes amid concerns about potential overcounting in job numbers, with Federal Reserve Chair Jerome Powell suggesting that recent job growth might be negative. The Fed is closely monitoring the Bureau of Labor Statistics birth-death model, which may overstate job growth figures. Balancing labor market support and inflation control will be crucial for the Feds decisions in 2026, with potential rate cuts if inflation subsides and the labor market struggles.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.