The August jobs report added just a third of the jobs expected, changing the expectations for the Fed’s future moves.
Economists agree that the rising specter of the Delta variant over the economy is responsible for the slowdown in jobs numbers.
Though demand for labor is still strong, the changes in the economy’s trajectory make it “unlikely” the Fed will announce a taper at the September meeting, Bank of America analysts wrote in a note Friday. A taper is when the Fed slows down its…
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