Reported 21 days ago
Former Fed economist Claudia Sahm believes that the U.S. Federal Reserve may reduce interest rates by 50 basis points due to recent labor market weaknesses, though she clarified that the economy is not currently in a recession. Sahm, known for creating the Sahm rule, which effectively predicts recessions, noted that recent job data points indicated trouble, compelling the Fed to act in accordance with its dual mandate focused on employment and price stability.
Source: YAHOO