Is the Labor Market Weak Enough to Warrant a 50 Basis Point Fed Cut?

September 9, 2024 — Last week, the long-awaited labor data showed a weakening labor market, but didn’t give clear signals for the Fed to cut rates by 50 basis points at the FOMC meeting next week. Nonfarm payrolls for August increased by 142k, below average expectation of 165k. Job growth for the prior two months was also revised lower, with June and July’s figures adjusted to 89k and 118k, respectively.

  • DATE: September 9, 2024
  • TYPE: PDF
generic image

Featured Insights

generic image
Fixed Income

The Dash from Cash

August 28, 2024 -- Over the past two years, money market investors have benefitted from higher returns with little risk. But with the Federal Reserve signaling a shift . . .

Learn more >

generic image
Fixed Income

Fixed Income Investment Strategy — August 2024

August 5, 2024 -- Fixed Income Investment Strategy provides an overview of Sage's market outlook and sector positioning.

Learn more >

generic image
Fixed Income

The Time Has Come

August 26, 2024 -- Last week Fed Chair Jerome Powell made his long-awaited remarks at the Fed's annual Jackson Hole Economic Symposium, where he solidified a policy rate cut...

Learn more >