CUNA, NAFCU: Jobs Report Gives Fed Cause for Pause

Economists see a softening of the jobs market in July supporting the Fed pausing interest rate hikes at its Sept. 20 meeting.

By Jim DuPlessis | September 01, 2023 at 12:44 PM

Risky interest rate hike causing business slow down or investmen

Weaker jobs gains and a rise in the unemployment rate will give the Fed more reason to pause its campaign of interest rate hikes, credit union trade economists said Friday.

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CUNA, NAFCU: Jobs Report Gives Fed Cause for Pause

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