“The fourth month of sub-par employment performance signals a dramatic stall in hiring and fully supports the Fed starting rate cuts at the next meeting,” Nationwide Chief Economist Kathy Bostjancic ...

After a year of sitting on the sidelines, the Federal Reserve finally cut short-term interest rates by a quarter-point.

Fed Chair Jerome Powell appeared to push back somewhat on the idea that this is the start of a rate-cutting cycle, describing it instead as a “meeting by meeting situation.”