"New Fed News Agency": The nonfarm payroll report almost guarantees a rate cut in September, but the debate over further cuts is more complicated.
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On Friday, after the release of the US August non-farm employment data, Nick Timiraos, the well-known financial journalist known as the “new Fed mouthpiece,” wrote that employment growth slowed sharply over the summer. The August jobs report makes it clear that since the start of the year, job growth has