The Fox News Rundown Business Rundown: Palace Intrigue Ahead September Fed Meeting
Sep 12, 2025
Edward Lawrence, FOX Business White House correspondent, breaks down the high-stakes Federal Reserve meeting and the pressure from President Trump to cut interest rates. He reveals shocking revisions in labor market data, citing a loss of 911,000 jobs. Lawrence also discusses the intrigue and potential conflicts within the Fed, raising questions about the reliability of economic indicators. Amidst inflation concerns, he highlights a positive spin from recent tariff revenues and how U.S. manufacturing is bouncing back, suggesting a complex yet optimistic economic landscape.
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Labor Revisions Show A Weaker Job Market
- Recent labor-data revisions reveal the job market is much weaker than previously reported.
- That weakness increases pressure on the Fed to cut rates despite rising inflation.
Fed Torn Between Inflation And Jobs
- The Fed balances inflation data against labor-market strength when setting rates.
- Weaker jobs data pushes the Fed toward cuts even as inflation shows signs of ticking up.
Revisions Put Job Growth Below Break-Even
- Revised job counts average to about 73,000 monthly, below the Fed's break-even pace.
- That shortfall signals the Fed may have been too restrictive and should have cut earlier.