Reported 12 months ago
Deutsche Bank's chief US economist, Matthew Luzzetti, shares insights on the recent JOLTS data showing a resilient labor market with rising job openings, indicating stabilization. Luzzetti predicts about 200-225,000 jobs added, with a possible drop in the unemployment rate to 3.9%. Despite softening economic data, including weak housing and manufacturing numbers, confidence remains in a soft landing and avoiding a recession, especially with consumer spending and income growth. Luzzetti also discusses the potential impact of tariff policies on the economy and the Federal Reserve's outlook on rate cuts.
Source: YAHOO