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

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Federal Reserve Nieuws

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.

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

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