Reported 21 days ago
Michael Darda, chief economist at Roth Capital Partners, discusses the Federal Reserve's recent 25 basis point rate cut and anticipates a 'multi-month pause' in further cuts, despite economic growth remaining strong. He points out a cooling labor market, with private employment growth down significantly since pre-pandemic levels and rising unemployment hints at a potential recession. Nevertheless, Darda questions the urgency of the Fed's actions, given that the overall economic outlook appears stable.
Source: YAHOO