Jobs report impacts stocks as possible interest rate cut looms

The August jobs report released Friday indicated fewer new positions than economists forecasted. The stock market is reacting to the news as a potential September interest rate cut is still expected. CBS News business analyst Jill Schlesinger has more.

#news #money #stocks

[mmedrano]

The government lies every month about the job numbers.

[olivermiller]

This is what you call damage control. Go back to sleep people...the middle class is getting hollowed out. Nothing to see here

[butterflygirl]

IMO- Good for the people who have gotten raises. However, when someone is retired it's an entirely different ball game. The cost of living has risen dramatically since COVID. It can be a scary roller coaster rise.

[dreadfuldonkey]

that doesn’t make any sense, they want expansion, but they want a cool it down. That’s like saying you can have cheap prices, but I refuse to give them to you.

[charlesfriscia]

11 of America's last 15 interest rate cuts have led to a recession.

[HiHaven]

I'm through even giving a single rip about the stock market or the economy. My portfolio and this economy can tank, for all I care. Wall street investors don't know their heads from a hole in the ground.

[joshhill]

Why is stock market going down and a sell off

[marionkendrick]

This is a complete shame. Anything to fish for a KOMULA vote