Many on Wall Street are still guessing what the Federal Reserve’s next move will be. The debate between if and when the Fed will cut debt charge rates rages on as more inflation data is revealed. Morgan Stanley Chief Global Economist Seth Carpenter joins Yahoo financial to give insight into how investors can use labor sector data to help predict what the Fed’s next move will be.
Carpenter points out: “Some of the public economists out there had been saying to get inflation down from where it was, you would need a serious recession, 7.5% unemployment. We weren’t convinced. We thought it was coming down and here we are. So now the question becomes, what’s going to go on with the expansion side of the economy? We got a jobs report on Friday. It was actually a little bit stronger than we thought, but the underlying trend if you look back over the past six months, the past year, the past 18 months, downward trend and labor sector expansion but what’s important from our perspective is you’re seeing a softening in hiring. You are not seeing a pick-up in firing.”
#youtube #Interestrates #FederalReserve
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