WASHINGTON: Upcoming readouts on the US labour market, including the monthly payrolls report, will give Federal Reserve (Fed) policymakers insight into the need for further interest-rate reductions after an all-but-certain cut in a little more than two weeks.
With inflation slowing – although still running faster than the Fed’s goal – chairman Jerome Powell has telegraphed a September rate cut and said that officials “do not seek or welcome” further cooling in the labour market.
