Reported 2 months ago
The recent U.S. jobs report has raised significant concerns about a potential recession, leading to a sharp decline in stock values exceeding $1.2 trillion over two trading days. As labor market indicators suggest weakening conditions, including rising unemployment and sluggish wage growth, Wall Street anxiously anticipates the Federal Reserve's response, fearing that prolonged high interest rates may have been a mistake. The Sahm Rule's activation further signals recession risks, intensifying scrutiny on future economic performance.
Source: YAHOO