This chapter explores the financial challenges and advantages faced by different income groups in the U.S. It contrasts the stability of high-income earners with the struggles of lower-income households amid rising inflation and high debt, while also discussing the Federal Reserve's impact on interest rates.
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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