The September jobs report brought positive news to Wall Street as the US economy added 254,000 jobs while the unemployment rate ticked slightly lower to 4.1%...
Guy Berger , The Burning Glass Institute director of economic research, joins Morning Brief to discuss the print and what it means for the Federal Reserve 's interest rate-cutting cycle.
Yet, September's better-than-expected jobs report eases his concerns as it allows more room for the Fed's monetary policy to kick in. While the Fed was behind the curve, he notes that the central bank is in a much better position now as it delivered a 50-basis-point cut in September, and the labor market did not deteriorate as fast as many expected.
And I think this buys us breathing space and give us policy more time to kick in and keep the labor market.When you take a look at this, you have the jobs market holding up or very strong here from this.Now, lots of questions about what exactly that piece is going to be but is there anything to be too nervous about then at this point or does it put maybe some of those fears that you did have to rest, at least for now.
There was talk of a month ago the fed being behind the curb, they're a little less behind the curve, both because they moved and because the labor market, judging by this report is not deterring as fast as some people worried about.This was a turning point. It’s been ten years since fast casual chicken restaurant Koo Koo Roo closed its final location in Santa Monica. So, L.A.-based entrepreneur Daniel Farasat knows you’re eager for the brand’s rebirth, now that the revival of Koo Koo Roo has been finally revealed via social media. But Farasat, who acquired the dormant eatery’s intellectual property …Life after the sauvignon blanc hegemony has arrived.
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