www.cbsnews.com
Economists believe slowing job growth significantly increases the likelihood of the Federal Reserve cutting interest rates at their next meeting. The weaker economic data signals a potential need for the Fed to stimulate the economy, and lowering interest rates is a common tool to achieve this. If job growth remains sluggish, the Fed may feel compelled to act to prevent further economic slowdown. This potential rate cut is intended to encourage borrowing and spending, boosting economic activity.
