Fed Officials Can’t Agree On What’s Worse: Inflation or Jobs
1. Fed lowered interest rates to 4-4.25%, aiming to support weaker labor market. 2. August saw only 22,000 job additions, with unemployment rising to 4.3%. 3. Fed officials express disagreement on prioritizing labor issues vs inflation concerns. 4. Additional quarter-point rate cuts are projected within the year amid economic uncertainty. 5. Overall market sentiment remains cautious due to inflation risks despite rate cuts.