August 21, 2024 BY Elizabeth Anderson

Stinted US Labour Market Growth May Hamper Rate Cuts

Bloomberg reported that economists from Goldman Sachs (GS) and Wells Fargo & Company (WFC) expect that preliminary labour revisions will reflect a 600,000 weaker payroll growth in the year leading up to March 2024. JPMorgan Chase & Company (JPM) predicted a decline of 360,000, but Wells Fargo thinks that it may even be as much…

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