CNBCWith job growth tanking and the economy wobbling, pressure is on for the Federal Reserve to start lowering interest rates, with markets now expecting a cut at each of the three remaining meetings this year.
The Bureau of Labor Statistics reported Tuesday that the economy added 911,000 fewer jobs than previously reported for the year preceding March 2025. Downward revisions since the cutoff date in that report suggest that the reduction in payroll growth has been actually around 1.2 million for the past 16 months.
That's a number sure to get the Federal Open Market Committee's attention when it meets next week and could add fire to President Donald Trump's repeated assertions that the central bank has been "too late" in making policy adjustments.
"Had Fed officials had that data availa
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