Reported 25 days ago
Recent labor market data has maintained the Federal Reserve's outlook for a soft landing, despite an underwhelming job report for October that suggested job gains are at a pandemic-era low. The unemployment rate remained stable at 4.1%, and average hourly earnings grew by 4%. This, coupled with continued consumer spending and overall economic growth, reinforces the Fed's position ahead of its upcoming meeting where a rate cut is anticipated. Analysts remain cautiously optimistic about the job market's stability.
Source: YAHOO