Federal Reserve Poised for Rate Cut Amid Economic Cooling

Upcoming jobs report to play a crucial role in determining the extent of the rate cut as concerns over employment grow.

Chicago Fed President Austan Goolsbee highlights the challenge of achieving sustainable full employment without worsening the economy.
Friday's jobs report is expected to provide clarity on the labor market's direction and influence the Federal Reserve's rate cut decision.
Recent data shows an uptick in unemployment and a slowdown in job creation, raising fears of a potential shallow recession.
Even traditionally hawkish Fed members are now advocating for rate cuts to prevent excessive economic cooling.
The Federal Open Market Committee's decision on rate cuts will balance the dual mandate of controlling inflation and maximizing employment.