2min chapter

Bloomberg Daybreak: Europe Edition cover image

Instant Reaction: Will the Fed Cut Quicker After This Selloff?

Bloomberg Daybreak: Europe Edition

CHAPTER

Intro

This chapter delves into the recent pressure from Wall Street banks on the Federal Reserve to enact significant interest rate cuts following the latest jobs report. The discussion highlights the equity sell-off, current job market trends, and the Fed's concerns regarding employment metrics, underscoring the need for a shift in monetary policy.

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