Economists at Danske Bank stress that labour markets agree with proven to be surprisingly resilient to the Fed’s tightening mode.
Business US labour markets defy slowdown expectations
We clean deem that the Fed is likely to maintain rates at current restrictive levels instead of hiking rates further, especially brooding about the current tightening in financial stipulations.
However all else equal, while now we agree with called for the first Fed rate cuts already in Q1 2024, the latest labour market data unequivocally will enhance the possibility of rates staying excessive for longer than now we agree with anticipated.
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