Fed Expected to Cut Rates Due to Job Market Problems
Moody's economist thinks Fed will cut rates because the job market is getting worse.
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Mark Zandi is an economist at Moody's Analytics. He believes the Federal Reserve will cut interest rates next week. The job market has stopped growing and this worries economists.
Inflation is at 2.9%, which is higher than the Fed wants. However, Zandi thinks job problems are more serious than inflation right now. The economy could enter a recession soon.
Many states have high recession risk. The Fed usually cuts rates to help the economy grow. This can help create more jobs for people.
Original Article
benzinga.comhttps://www.benzinga.com/news/politics/25/09/47657875/moodys-chief-economist-mark-zandi-warns-fed-faces-high-bar-to-avoid-rate-cuts-as-weak-jobs-trump-in