April's weaker-than-expected jobs data painted a softer picture of the US labor market, potentially altering the narrative surrounding the Federal Reserve's monetary policy stance. While a robust job market has been the main point of the Fed's argument for maintaining a "higher for longer" interest rate environment, how could cooling employment data influence the central bank's future decisions?

Yahoo Finance Fed reporter Jennifer Schonberger breaks down the details.

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This post was written by Angel Smith