A slowdown in hiring over the last three months could open the door for Federal Reserve officials to entertain [cutting rates at their next meeting](

On Friday, President Trump fired the head of the Bureau of Labor Statistics after job growth for May and June was revised down by a massive 258,000 jobs. The market sees an upside, though, as Elena Casas explains, because a weak jobs market makes a Fed rate cut a lot more likely.

U.S. employers added just 73,000 jobs in July and the May and June numbers were revised sharply lower, boosting the chances of a September rate cut.