Rising Unemployment Adds Pressure on the Fed to Consider More Rate Cuts

Al Drago / Bloomberg via Getty Images Federal Reserve policy committee members, including Chair Jerome Powell, have been waiting for more up-to-date data on the labor market. Key Takeaways The uptick in unemployment in November shows that the Federal Reserve was justified in cutting interest rates earlier in the year, economists said. The Fed is expected to pause its rate-cutting campaign in January to assess the impact of cuts so far, but the poor jobs report kept a January cut on the table. The Fed ...