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Labor market is not 'falling off a cliff', Fed to cut 25bps : Economist

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Lydia Boussour Nyheter

Labor Market,Federal Reserve,Falling Off A Cliff

The August jobs report fell short of expectations, adding 142,000 jobs compared to the 165,000 economists had forecast. EY Senior Economist Lydia Boussour...

adding 142,000 jobs compared to the 165,000 economists had forecast. EY Senior Economist Lydia Boussour joins Wealth! to discuss her economic outlook in light of this report.

So in, in terms of the size of the rate cuts, we remain in the camp that the Federal Reserve will implement a 25 basis point rate cut. I think inflation and, and the inflation readings that we're gonna get are going to be important, but it's also important to take a step back from these, you know, all these data points and really look at the overall backdrop.

Um I think we're all set for that 25 basis point rate cut and that gradual of pace of everything going forward.All-Pro Jalen Ramsey and the Miami Dolphins have agreed on a three-year, $72.3 million contract extension, a person with knowledge of the deal told The Associated Press on Friday. NFL Network first reported the deal that will pay Ramsey $24.

 

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