Can Low Unemployment Last Under Trump?
Published On Jan 9, 2025, 10:59 AM
The U.S. economy shows signs of resilience despite a slight uptick in the unemployment rate to 4.2%, with hiring slowing but layoffs remaining low. The Federal Reserve has begun to lower interest rates slightly, aiming to support employment and stimulate economic activity. Predictions of a recession are less prominent in year-ahead forecasts from major financial firms. Positive economic indicators have led some analysts to believe the economy could continue its stable course heading into 2025.
Stock Forecasts
SPY
Positive
Given the Fed's recent decision to lower interest rates, which is typically supportive of economic growth, coupled with the stability in employment levels, we can expect investor confidence to rise, potentially boosting equities, particularly in sectors such as consumer discretionary and technology.
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