Newest Jobs Data Fail to Resolve Fed Debate Over September Cut
- Employment report reinforces concern over cooling labor market
- Fed’s Waller keeps door open to half-point cut in months ahead
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The latest snapshot of the US labor market left open the possibility the Federal Reserve will go big as it begins cutting interest rates, though two key officials on Friday stopped short of endorsing such a move at their meeting this month.
Figures released Friday showed employers created fewer jobs than expected in August, adding to a steady stream of recent signs the labor landscape is cooling.