Reported 2 days ago
Austan Goolsbee, President of the Federal Reserve Bank of Chicago, remarked on the impressive September jobs report, which saw an addition of 254,000 jobs and a decrease in unemployment to 4.1%. While he described the report as 'superb', he cautioned against overreacting to single-month data. Goolsbee expressed that if similar job growth continues alongside manageable inflation rates, it could lead to confidence in future economic stability. He also indicated that interest rates are likely to decrease significantly by the end of 2025 if these trends persist.
Source: YAHOO