Reported 30 days ago
Hurricanes Helene and Milton significantly impact U.S. economic indicators at a crucial time, just before the October employment report, which is likely to show a decrease in job growth due to the storms and the Boeing strike. This distortion complicates the Federal Reserve's decision-making regarding interest rates, as recent statistics do not reflect the true state of the economy. Despite the challenges, experts predict the economy may recover rather quickly, but the immediate data may mislead interpretations especially in the politically charged environment leading up to the election.
Source: YAHOO