Yahoo Finance published this video item, entitled “Fed rate cuts: Labor data will make ‘last mile less difficult’: Economist” – below is their description.
The University of Michigan’s consumer sentiment survey showed sentiment turning positive and jumping to its highest level since 2021. Consumers appear increasingly hopeful on wages and declining inflation.
S&P Global Ratings Global Chief Economist Paul Gruenwald joins Yahoo Finance Live to weigh in on labor data that will play a key role in the Federal Reserve’s interest rate cut decisions.
“With a sharper downturn, then the last mile is going to be less of an issue and you’ll see central banks cut more aggressively,” Gruenwald says, considering economic risks.
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