The labor market is expected to slow down. Here’s how it could impact the Federal Reserve.
Transcript:
GEORGE SEAY: I do expect a slowdown in hiring. I think that the labor market will impact the Fed, but I don’t think it will do so immediately. I think it will take time for that to play out in the labor market. It has been very, very strong until now. I think it’s going to weaken. I think it’s going to get harder for people to find good jobs in the next 24 months, so that that will be a a win in the face factor that the Fed will have to face and probably will lead to them cutting rates eventually. But I don’t think it’s going to be in the near term.
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