Latest jobs report kindles hope for September rate cut

Latest jobs report kindles hope for September rate cut

Macroeconomic conditions have an outsized influence on organic markets. As consumer’s discretionary income is eroded by high food prices, they are often forced to abandon purchasing premium organic animal proteins.

Economic data informing the US Federal Reserve paint a complex picture of an economy that is both heating and cooling at the same time. Equity markets have defied logic at times with explosive growth despite higher interest rates.

Employment data released today indicated the economy may be cooling, just as the US Central Bank is set to meet later this month. Many analysts expect some rate movement in September, but doubts have persisted because of mixed economic data.

The report showed wages continue to rise, and this has sustained spending considerably, a key factor influencing current economic growth and a boon to organic markets. At the same time, there were 86,000 fewer jobs added in August than forecasted…

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