US job growth slowed in the latest report, with 206,000 new jobs added in June, down from a revised 218,000 in May.
Despite the slowdown, the unemployment rate edged up to 4.1%, and wage growth was at its slowest in three years. Economists had expected 190,000 new jobs for June.
Analysts noted that while the figures were not alarming, they could influence the Federal Reserve’s decision on interest rates later this year.
The Fed has indicated a potential rate cut amid signs of economic slowdown and easing price pressures. Financial markets are anticipating a rate cut as early as September, with chances rising for additional cuts by December.
The Fed’s cautious stance reflects concerns about economic growth and inflation trends, impacting global financial markets.
Central banks worldwide often take cues from the Fed, although decisions can vary based on regional economic conditions and policy priorities.
Credit : BBC
https://www.bbc.com/news/articles/cw0yg4rdq0vo