Reported 25 days ago
An economist from Annex Wealth Management stated that the expectations for a 50 basis point interest rate cut by the Federal Reserve are unreasonable, given that only 12,000 jobs were added in October, far below the expected 100,000. He believes that while the labor figures were impacted by external factors like hurricanes and strikes, the Fed should be cautious about making swift cuts to avoid destabilizing inflation expectations.
Source: YAHOO