Reported 2 months ago
Federal Reserve Bank of San Francisco President Mary Daly remarked that the US labor market is slowing, suggesting potential interest rate cuts in the upcoming quarters, but emphasized that it is crucial to avoid a significant downturn. While companies have reduced hiring, most are not laying off employees, indicating a still reasonably solid job market. Daly's insights follow a disappointing jobs report that has raised recession fears, prompting caution among Fed officials.
Source: YAHOO