Reported 2 months ago
The Sahm Rule, named after economist Claudia Sahm, indicates potential recessions when unemployment rates rise significantly. However, Fed Chair Jerome Powell emphasized that these are statistical regularities and not guarantees of future events. Recent data showing rising unemployment and cooling labor markets have raised recession concerns, but factors like job openings and consumer sentiment suggest complexities in the economy. Analysts remain cautious, noting that while recession risks persist, robust consumer and business financial health may mitigate worst-case scenarios.
Source: YAHOO