More reactions to Federal Reserve Board’s interest rate cut

OMAHA, N.E.(KELO)- Investors are celebrating last week’s interest rate cut by the Federal Reserve Board.

Stock prices are at all-time highs, but where do we go from here?

Creighton University Economist Dr. Ernie Goss says that depends a lot on what happens with employment numbers.

The problem there is, a lack of trust.

The Labor Department recently over-estimated the number of jobs created by more than 800-thousand.

In addition, Goss says the number of jobs that were created included a lot of part-time jobs.

He expects the next jobs report to be weak, which would put more pressure on the Fed to cut rates again in November.