• Sep 05, 2024

Wall Street’s Big Bet on Jumbo Fed Cuts Hangs on Jobs Report

(Bloomberg) -- The bold bet from the likes of Citigroup Inc. and JPMorgan Chase & Co. that the Federal Reserve will slash interest rates by a half-percentage-point this month faces its biggest test yet from Friday’s US jobs report.Most Read from BloombergThe Outsized Cost of Expanding US RoadsHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatMadrid to Ban E-Scooter Rentals, Following Lead Set in ParisWorld's Second-Tallest Tower Tests Mala