U.S. central bank governor pegs decision on strength of labour market
Mounting layoff announcements, sluggish labour market reports have left Americans increasingly pessimistic about the economy
Report also contains revised numbers for 2025, cutting job creations by more than half
Economic growth outlook remains weak, inflation forecasts moderate
Labour survey shows first net loss of jobs since August
Several high-profile companies have announced job cuts in the past year
Central bank under pressure to show objectivity amid political, legal attacks
Employers added just 50,000 jobs last month, the U.S. government reported
Decline may continue this year, before reversing in 2027, 2028: Desjardins
Labour market slack suggests rate hikes can likely wait