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Analyst: Unexpectedly Cold Non-Farm Data Indicates US Economy in Flux, Providing Reason for Fed Rate Cut
Summary: According to sources, Kim Forrest, Chief Investment Officer of Bokeh Capital Partners, stated that the unexpectedly cold non-farm data indicates that the economy is in flux. Massive layoffs have already occurred. The difficulty in hiring during the COVID-19 period has led companies to retain more employees than necessary, with many positions being unnecessary. The methods ...
According to sources, Kim Forrest, Chief Investment Officer of Bokeh Capital Partners, stated that the unexpectedly cold non-farm data indicates that the economy is in flux. Massive layoffs have already occurred. The difficulty in hiring during the COVID-19 period has led companies to retain more employees than necessary, with many positions being unnecessary. The methods we use to measure the economy may not necessarily convey the most important information. Higher layoff rates and lower labor participation rates provide a reason for the Fed to cut rates.
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Link: Analyst: Unexpectedly Cold Non-Farm Data Indicates US Economy in Flux, Providing Reason for Fed Rate Cut [Copy]
