Fed rate cuts: Fed will start cutting agressively 'at June meeting next year,' economist says

Yahoo Finance published this video item, entitled “Fed rate cuts: Fed will start cutting agressively ‘at June meeting next year,’ economist says” – below is their description.

2023 has been a turbulent year for the broad market, from rising inflation and higher for longer interest rates to sweltering mortgage rates. The labor market has managed to stage a comeback in a year of resiliency with quit rates and layoffs easing back to pre-COVID levels.
Deutsche Bank Senior US Economist Brett Ryan joins Yahoo Finance to give insight into the labor market, lessons he learned from a surprising fiscal year, and what the labor market could look like heading into 2024.
“The strength of the labor market, to this point, was really surprising… and especially labor hoarding and one of the ways to think about it is you have the quits rate, which is back to pre-COVID, you had the hiring rate, which is slightly below pre-COVID, but the layoffs and discharges rate, that’s the standout here, and that’s still at its lowest point in history really,” Ryan says.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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