Reported 25 days ago
Mizuho Securities' chief economist Steven Ricchiuto suggests that the Federal Reserve should hold interest rates steady in November following the addition of only 12,000 jobs in October, significantly below expectations. He emphasizes the importance of viewing the employment numbers amidst recent disruptions, arguing that the economy remains fundamentally healthy and a rushed response could lead to unfavorable outcomes. Ricchiuto encourages a cautious, methodical approach to rate adjustments, advising against convincing the market of a need for immediate changes.
Source: YAHOO