Reported about 1 month ago
Despite August's jobs report revealing only 142,000 new jobs added, which fell short of the expected 165,000, EY Senior Economist Lydia Boussour reassured that the labor market is not experiencing a severe decline. She suggests that the Federal Reserve is likely to implement a modest 25 basis points rate cut rather than a more drastic 50 basis points reduction, with a total of 125 basis points projected for 2025, while noting ongoing positive trends in inflation.
Source: YAHOO