The job market is 'where the action is going to be' ahead of Fed rate cuts this fall

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 67 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 44%
  • Publisher: 63%

Federal Reserve News

Unemployment Rate,Labor Market,Mark Zandi

Economists argue that as inflation eases, the more concerning trend in the data lies in the labor market.

, showing price increases continue to cool on an annual basis as investors debate when and how deeply the Federal Reserve should cut interest rates.

Zandi, who said he currently sees a roughly 33% chance of a recession in the next 12 months, noted that weekly jobless claims will be a key release to watch when tracking layoffs. Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting on July 31, 2024, in Washington, D.C. An Indian YouTuber has been jailed for allegedly cooking and eating a peacock, the country’s national bird, which is also protected by wildlife laws. Kodam Pranay Kumar shared a video online with the title “Traditional Peacock Curry Recipe,” which gave viewers a step-by-step guide for making the dish, according to MailOnline.

HERNDON, Va., August 14, 2024--Global high-assurance cybersecurity leader, Everfox, formerly Forcepoint Federal, today announced the completed acquisition of Garrison Technology Ltd. The acquisition integrates Garrison’s hardware-enforced security and software capabilities into Everfox’s software portfolio of cross domain, threat protection and insider risk solutions to deliver comprehensive cybersecurity to enterprise customers in government and regulated industries.

Dental Matrix Systems Market Forecasts to 2029: Rising Utilization of Sectional Matrix Systems, Increased Restorative Dentistry Operations, North America Anticipated to Grow Rapidly

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fed responds to economic data, not politics or stocks, says Chicago Fed's GoolsbeeChicago Federal Reserve Bank President Austan Goolsbee on Thursday reiterated that the central bank's job is not to respond to stock market routs or...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »