This chapter explores the complexities of the labor market and how they affect the Federal Reserve's decisions on monetary policy. The discussion contrasts perspectives on labor market strength while intertwining a humorous mention of audience demographics and an upcoming AI in business event.
The US hiring fell short of forecasts in August after downward revisions to the prior two months. The data are likely to fuel speculation that the Federal Reserve will deploy a big rate cut in September. Bloomberg's Tom Keene and Paul Sweeney get analysis on the numbers from Renaissance Macro Research Head of US Economic Research Neil Dutta, New Century Advisors Chief Economist Claudia Sahm, Moody's Analytics Chief Economist Mark Zandi, and Bradesco BBI Head of Equity Strategy Ben Laidler.
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