The Federal Reserve, which wants inflation and the economy to decline, may not find enough evidence to start its cycle of rate reductions, which would also coincide with the 2024 presidential election.
"After a series of exceptionally strong labour market reports that threatened to disrupt the expected easing of monetary policy, this data serves as a warning to those concerned about the inflationary pressure on the U.S. economy and the potential impact on interest rates," said Aaron Terrazas, Glassdoor's chief economist.
Fed Chairman Jerome Powell reaffirmed earlier this week that policymakers must lower inflation before lowering interest rates.
"The committee does not believe that lowering the target range will be
acceptable until it has further assurance that"
<<READ MORE>>
Good job
1 Comments:
Good job