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.
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
Topics: kevin dietsch/getty imagesthe us bi fed chair jerome powell bureau labor statistics may that consumer price index federal open market committee summary economic projections cme fedwatch july jan hatzius goldman sachs friday cnbc reassure fed fed federal reserve september i us julie su americans powell june may april su business insider top rates cut data steady jobs added year unemployment latest growth secretary told chance forecast strong rose wages force
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