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Federal Reserve's Williams: Significant Downward Revisions to May and June Job Growth Were the "Real News" in Friday's Nonfarm Payrolls Report

BlockBeats News, August 2nd: Federal Reserve's Williams said the significant downward revisions to May and June job growth were the "real news" in Friday's nonfarm payroll report. He will attend the September meeting with an "open mind" to discuss whether to cut interest rates. (Forex Live)

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New job additions may be just above breakeven, and the wage-unemployment ratio could potentially signal the opposite.
Cooling Employment Can Only Reduce the Urgency of Rate Hikes; Inflation Still Holds the Ultimate Power
Employment Cooling and Inflation Stickiness Tug of War, Non-Farm Payrolls to Reshape September Rate Hike Odds
In June, non-farm payroll employment increased by only 57,000, with the previous two months being revised down by a total of 74,000, indicating a cooling labor market.
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