Reported about 22 hours ago
After a robust jobs report showing significant gains in nonfarm payrolls and a decrease in unemployment, economic experts, including Larry Summers and Stanley Druckenmiller, caution the Federal Reserve against aggressive interest rate cuts. With payrolls rising by 254,000 in September and average hourly wages increasing, there's a consensus among these analysts that the economy's strength necessitates careful monetary policy. The future direction of interest rates remains uncertain, influenced by upcoming economic data before the Fed's policy meeting in early November.
Source: YAHOO