The Federal Reserve might have the economic data it needs to cut interest rates in September. Kevin Dietsch/Getty ImagesThe US economy is not in a recession, even with the slowing labor market."If this isn't a soft landing, I don't know what is," Julie Su, acting labor secretary, told BI.It could give the Fed the confidence it needs to cut interest rates in September.
Comment on The 'coveted soft landing' is here, Biden's top labor official says — and it could set Americans up for an interest rate c
asheffey@businessinsider.com (Ayelet Sheffey,Juliana Kaplan), Business Insider
Mon, 07/08/2024 - 2:53am
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