Reported about 1 month ago
With the Federal Reserve's policy meeting approaching, key reports are indicating a resilient US economy despite job growth challenges due to storm impacts. A modest rise of 110,000 in employment is expected alongside a steady unemployment rate at 4.1%. Analysts predict the Fed will adjust interest rates downward by a quarter point on November 6-7, despite inflation indicators rising at the end of September. The upcoming GDP report is projected to show a solid annualized growth pace of 3%, bolstered by strong consumer spending and business investments.
Source: YAHOO