Reported 4 months ago
According to RSM Chief Economist Joe Brusuelas, the ADP National Employment Report in May showed a slowdown in private payroll growth, indicating a cooling labor market. Despite this, Brusuelas remains optimistic about the economy, pointing to positive economic indicators like the May ISM Services PMI. He predicts a 'cool, cool, cool' summer ahead as the economy normalizes, with some issues like a deceleration in durable spending due to high finance costs. He also discusses the possibility of the Federal Reserve's interest rate move in the future.
Source: YAHOO