Reported 20 days ago
Recent labor data indicates potential weaknesses in the U.S. labor market, prompting the Federal Reserve to reconsider its monetary policy. The U-6 unemployment rate, which includes underemployed individuals, is currently at 8.0%. Experts suggest that the Fed should consider deeper rate cuts than currently anticipated to support economic growth, as the restrictive monetary policy does not seem beneficial. With treasury yields rising in response to this changing outlook, the financial community is closely monitoring developments.
Source: YAHOO