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Federal Reserve may cut interest rates due to weaker job growth and higher unemployment.
The Federal Reserve is likely to cut interest rates in September due to weakening job growth and rising unemployment.
The August jobs report showed only 22,000 new jobs, less than expected, and the unemployment rate rose to 4.3%, its highest since late 2021.
While rate cuts could lower borrowing costs and mortgage rates, they may also signal economic weakness.
Federal Reserve officials, including New York Fed President John Williams, are considering rate cuts to support the labor market, though inflation remains a concern.
The Fed's decision is crucial as it balances the need to boost the economy with the risk of reigniting inflation.
La Reserva Federal puede recortar las tasas de interés debido a un crecimiento más débil del empleo y un mayor desempleo.