Reported 24 days ago
In light of the disappointing October jobs report, which saw just 12,000 nonfarm payroll jobs added due to factors like hurricanes and Boeing strikes, former Federal Reserve Bank of St. Louis president Jim Bullard argues that the US economy has successfully achieved a soft landing. He highlights strong GDP growth and ongoing labor market strength, suggesting that the Fed is likely to proceed with a 25-basis-point decrease in the policy rate, despite the signal-to-noise challenges presented by fluctuating job data.
Source: YAHOO