Could the Fed Cut Interest Rates Next Week?

The Federal Reserve’s next meeting looms, with a potential rate cut on the table following a recent surge in nonfarm payrolls. The Bureau of Labor Statistics reported 177,000 new jobs added last month, slightly below pre-revised estimates but exceeding expectations for a smaller increase. Economist Vicky Pryce highlights this data as a key indicator of the country’s business climate, suggesting companies are cautious due to trade policy uncertainty and hiring freezes. She warns of potential job losses in government, further impacting economic stability. ]