Friday's jobs report indicated an increase in nonfarm payroll employment by 139,000, but with a significant revision of 95,000 jobs lost in earlier months. Despite signs of a cooling labor market, the Federal Reserve is unlikely to consider a rate cut at this time. President Trump suggested a full percentage point cut, expressing concern over potential job market stresses that have not been confirmed by conversations with business leaders. The Fed's decision on rates will likely be influenced by more significant labor market changes and indications from industry leaders.
"The labor market is showing signs of cooling, but today's jobs report with a 95,000 job revision does not indicate enough stress for the Fed to cut rates."
"President Trump continues to push for a full point cut in rates, urging the Fed not to fall behind, despite the mixed signals from employment data."
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