Reported 4 days ago
Recent data on initial jobless claims and ISM Services PMI presents a mixed picture of the US economy, leading economist Tom Porcelli to identify potential 'cracks' in the labor market. He notes a declining quit rate alongside a recovering hiring rate, suggesting that these indicators may influence the Federal Reserve's monetary policy decisions, including a possible aggressive stance moving forward. Porcelli also anticipates continued market volatility, linked to an economic slowdown but does not foresee an immediate recession.
Source: YAHOO