Jobs Data Come as the Fed Stares Down a Complex Moment

Published On Nov 1, 2024, 6:35 AM

The Federal Reserve recently cut interest rates for the first time in four years and is expected to continue rate cuts through 2024, but the extent of these cuts depends on upcoming job market data. Strong economic growth and consumer spending may suggest that the Fed does not need to lower rates significantly, but a cooling job market could push them to be more aggressive. Economists predict another rate cut in November, but the outlook for December remains uncertain. The general belief is that rates are unlikely to return to the ultra-low levels seen in the past.