U.S. on verge of unemployment surge that forces Fed to slash rates, Wall Street veteran says - MarketWatch
AI Summary1 min read
TL;DR
A Wall Street veteran warns that a potential surge in U.S. unemployment could compel the Federal Reserve to cut interest rates, as recent data shows unemployment rising to 4.6% and job growth slowing.
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U.S. unemploymentFederal Reserveinterest ratesWall Streeteconomic forecast
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