September 4, 2024 – 8:42 AM PDT
(Reuters) Federal Reserve policymakers are increasingly attentive to the U.S. labor market as they prepare for a policy-setting meeting later this month, when their assessment of job-market health will be key to how big an interest-rate cut they deliver.
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Analysts largely expect the Fed to stick to a quarter-point reduction, given that employers have continued to hire although at a slower pace than before, and with the unemployment rate on the rise but still at a relatively low 4.3%.
But data on Wednesday showing job openings in July fell to the lowest level in three and a half years may add to the sense that the job market may be nearing a tipping point, and could build…
