Fed Rate Cut Incoming: Job Market Woes Trigger Action

Is the Fed about to slash interest rates? A shockingly weak jobs report, showing a surge in unemployment to 4.3% and a hiring freeze, has experts predicting a rate cut as early as this month. With rising concerns about long-term unemployment and potential layoffs, the Fed is shifting its focus from inflation to job market stability, with investors betting on a quarter-point cut and speculating about larger moves ahead. Could short-term rates be a full point lower by January? Hosted on Acast. See acast.com/privacy for more information.