Employment Change: -2.9k vs. 25.0k exp. (prior -1.4k) Unemployment Rate: 6.4% vs. 6.5% exp. (prior 6.4%) Hourly Earnings (YoY): 5.2% vs. 4.8% exp. (prior 5.6%)
submitted by /u/XGramatik
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The Federal Reserve cuts benchmark lending rate by a quarter percentage point.
SUMMARY OF FED DECISION (11/7/24): Fed cuts interest rates by 25 bps in 2nd cut of 2024 Vote for 25