Labor Market Recap: The Risks are Shifting
The labor market is really softening now.
The labor market is really softening now.
The Fed will leave its target range for the Federal Funds Rate at 5.25%-5.50%. The big news between the last meeting and this is the large raise in long yields, which has several committee members thinking that there will be less need to hike.
This week saw another flurry of Fedspeak, with committee members continuing to react to the rise in long-term yields.
The September 2023 labor market data continued to show a strong labor market. The headline unemployment rate remained steady at 3.8%, and the establishment survey showed an...