Fed seen on longer rate-cut pause
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A jobs report to be released on Friday will provide a key gauge of the health of the U.S. economy as the Federal Reserve slashes interest rates in an effort to revive an ailing labor market. The fresh data comes two weeks after a blockbuster report on economic growth appeared to rebuke worries about the wider economy.
Federal Reserve Bank of Minneapolis President Neel Kashkari said interest rates may be close to a neutral level for the US economy now, leaving it up to incoming data to guide the central bank’s actions.