A lot of economic data was released to the world Thursday, and most of it supports our analysis of the Beige Book fromat 212,000, which was also right around what prognosticators predicted. This number is quite low, especially for people looking for excuses for the Fed to cut interest rates. As we, there is zero evidence a cut is coming any time soon, and the hot labor market is the biggest indicator of that .this sentiment in his remarks at an event in Florida today.
Federal Reserve Bank of Atlanta President Raphael Bostic speaks during a Bloomberg Television interview in Atlanta, Georgia, on Nov. 3, 2023. ,” Bostic said. “I’m of the view that things are going to be slow enough this year that we won’t be in a position to reduce our rates towards… the end of the year.”0.3 percent in March, the Conference Board said Thursday. The leading index determines whether the economy should be expected to improve or worsen using 10 indicators. The 0.
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