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Jeremy Owens: Hello and welcome to On Watch by MarketWatch. I’m Jeremy Owens. The moment Wall Street has been hoping for is here. The Federal Reserve is ready to cut interest rates, but the reason for the cut is less exciting. It’s because the U.S. job market is struggling and has been for a lot longer than we previously realized. So today, we’re going to talk about the Fed’s decision with economics editor Greg Robb. Then we’ll discuss the labor market and why our view of it has suddenly changed. Plus we’ll take a quick look at the news stories we’re watching right now and how they’ll affect your wallet.
Jerome Powell: The time has come for policy to adjust.
Jeremy Owens: With those words, Jerome Powell signaled to Wall Street and the world that the Fed is ready to cut…
