Weak jobs report spurs Fed cuts; only 22,000 jobs added in August. S&P 500 rises as result.
The recent job report has strengthened the argument for several Federal Reserve interest rate reductions, as only 22,000 jobs were created in August. As a result, the S&P 500 started trading on a positive note. This development marks consecutive rate cuts by the Fed following the release of the job report.
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