📊 US JOLTS Job Openings Report
Expected: 7.38M
Actual: 7.181M
⚠️ Another sign of a cooling labor market in the US.
Weaker data increases pressure on the Federal Reserve to consider interest rate cuts in the coming months, as weaker job demand generally means less pressure on wages and lower inflation risk.
👉 The market will now closely monitor the upcoming Unemployment Rate report for confirmation.
What do you think, folks — is the Fed closer to cutting rates? 👀