Another Path

Published on May 6, 2024 by Premium

Higher than expected inflation raised the Fed's expected rate path, but the recent softening in the labor market is opening up another path to earlier and more frequent rate cuts. A wide range of indicators suggest that the demand for labor is softening even as the supply of labor is increasing by the millions through migration. Business surveys are showing a decline in demand for labor, while job postings are also moderating towards pre-pandemic levels. […]

Site Footer