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cover of episode Instant Reaction: US Job Growth Falls Short, Sets Up Fed Pivot

Instant Reaction: US Job Growth Falls Short, Sets Up Fed Pivot

2024/9/6
logo of podcast Bloomberg Daybreak: US Edition

Bloomberg Daybreak: US Edition

Shownotes Transcript

The US hiring fell short of forecasts in August after downward revisions to the prior two months. The data are likely to fuel speculation that the Federal Reserve will deploy a big rate cut in September. Bloomberg's Tom Keene and Paul Sweeney get analysis on the numbers from Renaissance Macro Research Head of US Economic Research Neil Dutta, New Century Advisors Chief Economist Claudia Sahm, Moody's Analytics Chief Economist Mark Zandi, and Bradesco BBI Head of Equity Strategy Ben Laidler.

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