February Jobs Report Shows a Mid-Year Rate Cut: 5 Winners

Fed Chair Jerome Powell always emphasized that interest rate cuts later this year will be fitting, but they are reliant on the path of the economy.Talking about the economy, the labor market continued to exhibit strength with 275,000 nonfarm jobs added in February, much higher than the forecasted 200,000, per the Bureau of Labor Statistics. Payrolls are, thus, almost double the number of monthly jobs needed to keep up with growth among the working-age population.However, it’s the rise in the unemployment le ...