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Benzinga
Benzinga
Business
Bibhu Pattnaik

EXPLAINED: Jim cramer has blunt message for fed chair powell after july job numbers tanked - The Real Truth

Jim Cramer

In light of a disappointing jobs report released on Friday, Jim Cramer has urged the Federal Reserve to implement a cut in interest rates.

What Happened: The nonfarm payroll growth for July was a mere 73,000, falling significantly short of the anticipated 100,000. Additionally, the figures for May and June were revised downwards by a total of 258,000.

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