> Wall Street Journal Fed watcher Timiraos on sign of a weaker jobs market

Wall Street Journal Fed watcher Timiraos on sign of a weaker jobs market

As thoughts of a November 50bp FOMC rate cut gather pace, Timiraos with a timely drop

Wednesday, 25/09/2024 | 02:27 GMT

This via Wall Street Journal journalist and noted Fed watcher Nick Timiraos:

us labor market differential 25 September 2024 2

If this is a sign of a deteriorating jobs market (its probably not a sign of a strengthening one!) It'll file further pricing of 50bp rate cuts to come from the Federal Reserve.