Labor Market Recap September 2024: Good News
Make no mistake: this is good news. The Fed has made a commitment to not allowing the labor market to deteriorate further, and we’d rather not see that commitment tested.
Preston Mui
131 postsFedspeak Monitor 9/29/24
With labor market risk rearing its head, Kashkari and Bostic sound dovish again.
Paid-members
Fedspeak Monitor 9/22/24
A little bit of post-game analysis from Bowman and Waller. Waller defends 50 by pointing to the implications of the CPI and PPI data received during blackout period for core PCE.
The Fed Embraces Preemptive Action
“The time to support the labor market is when it’s strong, and not when you begin to see layoffs.”
The Fed Should Keep Unemployment Expectations Anchored
We will be hoping for two things at the September meeting this week: a 50 bps cut and minimal upwards revisions to the unemployment rate projections in the Summary of Economic Projections (SEP).
