Reported 1 day ago
The recent JOLTS report revealed 7.744 million job openings in October, yet Senior Portfolio Manager Noelle Corum believes it won't significantly alter the Federal Reserve's monetary policy or its rate renormalization plans. She notes that while there is noise around job trends, the economy shows no major cracks. Corum anticipates a potential 25 basis point rate cut in December, though future cuts in 2025 will depend on long-term economic impacts under the new administration.
Source: YAHOO