_How a Big Change in Job Numbers Affects the Federal Reserve_
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The government released a revised report on job numbers, which was delayed by 30 minutes. The report showed that 818,000 fewer jobs were created than previously thought over the past year. This was the biggest revision in 15 years.
_What does this mean?_
- The job market wasn't as strong as thought.
- This puts pressure on the Federal Reserve (Fed) to lower interest rates.
- Experts think the Fed will prepare for a rate cut in September.
- Investors expect a 25 basis point rate cut, but some think it could be 50 basis points (30% chance).
_What's next?_
- All eyes are on Fed Chairman Jerome Powell's speech on Friday at Jackson Hole.
- His words will give clues about future interest rate decisions.$BTC $BNB $SOL