Reported 14 days ago
In light of recent economic data and the Federal Reserve's first interest rate cut in four years, Wolfe Research's chief economist Stephanie Roth emphasizes the importance of the labor market over inflation. She argues that a weakening labor market poses a greater risk of recession than elevated inflation, suggesting that upcoming payroll figures will significantly influence the Fed's cutting decisions. Roth anticipates further interest rate cuts, foreseeing a potential decrease to 3% by the end of 2025.
Source: YAHOO