Reported about 10 hours ago
As Hurricane Milton approaches Florida, discussions arise about its potential effects on economic data and the labor market. Dana Peterson, chief economist at The Conference Board, highlights that hurricanes have caused over $2.6 trillion in damages since 1980, severely disrupting sectors reliant on infrastructure. Although the storm's immediate effects on economic data may appear within a month or quarter, Peterson believes the Federal Reserve may still proceed with a 25 basis point rate cut, as ongoing labor market strength could mitigate hurricane impacts.
Source: YAHOO