Reported 2 days ago
In a recent interview, Gary Cohn, former director of the US National Economic Council, highlighted the strength of the labor market, as indicated by a robust September jobs report. He noted that while employment data can be unreliable, it reflects a normalization in the economy, characterized by a balance between job creation and workforce entry. Cohn believes that the Federal Reserve has successfully orchestrated a soft landing, predicting further gradual interest rate cuts in 2024.
Source: YAHOO