Capital Economics: The downward revision of employment growth data indicates that the Federal Reserve has more reasons to ease policy in September

ChainCatcher message, Capital Economics economist Olivia Cross stated that the downward revision of employment growth data may imply an upward revision of worker productivity, which would further support the Federal Reserve's decision to cut interest rates. In either case, lower economic activity or stronger productivity growth would indicate that the Federal Reserve has more reasons to begin easing policy in September. (Jin Shi)