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Three officials #Fed# are concerned about the labor market, signaling that they will cut interest rates at least twice.

On August 6th, three Fed officials expressed concerns about the U.S. labor market. The officials' statements suggest that the Fed may reduce interest rates in September.

Mary Daly, President of the San Francisco Fed, stated that policymakers may need to adjust interest rates "in the coming months" to prevent the pace of hiring from continuing to weaken.

She spoke at an event in Alaska: "The labor market has weakened. And I believe that further deterioration of the market is not good. This means that the Fed will likely need to adjust monetary policy in the coming months."
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