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Fed close to pulling off the elusive economic soft landing in 2024 after great September jobs report
September’s outsized payrolls boost takes the U.S. economy out of the shadows of recession and gives the Federal Reserve a fairly open glide path to a soft landing. If that sounds like a Goldilocks scenario, it’s probably not far from it, even with the lingering inflation concerns that are straining consumers’ wallets. A gravity-defying jobs market, at least a slowing pace of price increases and declining interest rates puts the macro picture in a pretty good place right now — a critical time from a policy and political standpoint. “We’ve been expecting a soft landing. This just gives us more confidence ... (full story)
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- Oct 5, 2024 3:35pm Oct 5, 2024 3:35pm
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alexbuabua - | Joined Jan 2024 | Status: Junior Member | 1 Comment
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From scottgrannis.blogspot.com|Oct 5, 2024|1 commentThis morning the market was apparently surprised by a stronger-than-expected jobs number. Private payrolls rose by 223K in September, vs. an expected gain of 125K. Some called it ...
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- Posted: Oct 5, 2024 9:19am
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 5,431
