Reported 29 days ago
The recent October jobs report, which may show weaker payroll growth, is not expected to significantly impact the Federal Reserve's approach to interest rates, according to Yardeni Research's Eric Wallerstein. He believes that while layoffs may rise due to workers demanding higher pay, the labor market remains robust. Wallerstein anticipates strong GDP growth and expects any weak payroll data will not be deeply concerning unless it indicates a broad cyclical downturn.
Source: YAHOO