Fed Officials Seen as Likely to Push Back Against Half-Point Cut
- Central bankers probably wouldn’t want to give sense of panic
- A weak jobs report seals the deal only for a smaller rate cut
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A weak July jobs report has fueled fears the Federal Reserve has already waited too long to lower interest rates, but policymakers are unlikely to respond with a jumbo-sized cut in September that might signal alarm.
US hiring slowed markedly in July and the unemployment rate rose to the highest level in nearly three years, a report from the Bureau of Labor Statistics showed Friday.