Reported 2 months ago
U.S. Federal Reserve officials, including Chicago Fed President Austan Goolsbee, expressed that the economy is not in a recession despite weaker-than-expected job data. They indicated that the Fed may consider rate cuts to prevent a downturn if economic indicators continue to show signs of slowing. Policymakers remain focused on balancing the labor market and inflation, with discussions about potential rate adjustments depending on future economic data.
Source: YAHOO