Reported 15 days ago
The Federal Reserve's latest Beige Book report highlights a sluggish job market, with hiring remaining low as businesses navigate challenges from tariffs that are increasing prices and inflation pressure. While employers are avoiding layoffs, they are also reluctant to hire new workers, contributing to overall stability in employment levels across various sectors. The report suggests that the Fed may consider cutting interest rates further to stimulate the job market amidst ongoing economic uncertainties.
Source: YAHOO