Reported about 1 month ago
Economist Daniel Zhao shares insights on the current labor market, indicating a cooling trend and subtle declines in private-sector job openings. With mixed data leading into the crucial jobs report, Zhao notes the Federal Reserve's margin for achieving a soft landing is narrow. He anticipates a 25-basis-point interest rate cut in September, contingent on the jobs report's performance, warning that significant weakness could prompt a more drastic cut.
Source: YAHOO