Reported 2 months ago
The recent weak jobs report has triggered the Sahm Rule, a historically accurate recession indicator, signaling potential economic downturn. However, its creator, Claudia Sahm, urges calm, highlighting positive economic indicators such as growing household income and consumer spending. She believes this time could differ due to varying labor market conditions and emphasizes that while concerns exist, it's essential to avoid panic as the economy shows some resilience. Sahm also suggests that an interest rate cut from the Fed may be necessary to support labor market stability.
Source: YAHOO