Investors are focusing on slowing U.S. economic growth as calls for the Fed to cut interest rates grow louder.

The markets are growing more concerned about the slowing growth and an uncertain labor market.Jeenah Moon/Getty ImagesSlowdown fears

Global markets are a blur of red on Friday as investors fret that the U.S. economy is heading for a slowdown.

Lackluster tech earnings are weighing on sentiment (more on that below), but the bigger worry is a softening jobs market and a spending pullback by consumers that threatens to crimp corporate profit.

That shines a spotlight on Friday’s jobs report, scheduled for release at 8:30 a.m. Eastern, and bolsters calls on the Fed to lower interest rates at its next meeting, in September.

There’s even talk that the central bank could consider a jumbo half-percentage-point rate cut to pull off its hope for a soft

Keep reading this article on Andrew Ross Sorkin – Author New York Times.

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