Fed, Jobs and Larry Summers
The Blowout Jobs Report Shows the Federal Reserve Made a Mistake
The September jobs report and recent economic data suggest the Fed overreacted with its jumbo rate cut. The U.S. economy continues to hum at a stronger clip than many expect, which raises the question of whether the Fed made the right call going with a jumbo rate cut.
Larry Summers says jobs report shows Fed's half-point rate cut was 'a mistake'
Famed economist Larry Summers said Friday that the September jobs report shows the Federal Reserve's 50-basis point rate cut was "a mistake," in hindsight.
Larry Summers diz que corte de 0,50 pp do Fed foi ‘um erro’
O ex-secretário do Tesouro dos EUA Larry Summers disse a decisão do Federal Reserve de cortar as taxas de juros foi um erro, depois que novos dados mostraram que o crescimento do emprego no mês passado superou todas as estimativas.
Summers says Fed's 50bp cut in September was 'a mistake'
The Federal Reserve's surprise half-point cut last month was a mistake in hindsight, said former Treasury Secretary Lawrence Summers in a tweet on X on Friday. The September jobs report shows that interest rates are not at a level that is dampening growth,
Ark's Cathie Wood Says Fed Rate Cut Was Not a Mistake
ARK Investment Management CEO Cathie Wood says the Federal Reserve rate cut was not a mistake after a reassuring September employment report. She speaks on "Bloomberg The Close."
Larry Summers says Fed’s big rate cut was a ‘mistake’ after hot jobs report
With this data, ‘no landing’ as well as ‘hard landing’ is a risk the @federalreserve has to reckon with,” he continued.
A recession next year is now even less likely following the blowout jobs report, says Goldman Sachs
Economists are less concerned about an imminent downturn after far more jobs were added in September than expected, and ...
CNBC Daily Open: September’s shockingly good jobs report changes everything
The jobs report affirms recession unlikely for now. It also almost guarantees the Fed will reduce rates by a quarter point in ...
September jobs report strong enough to 'completely change' the narrative in Treasury market
The September employment report, which showed 254,000 new jobs created, "was strong enough across the board to completely change the macro narrative in the Treasury market," said FHN Financial ...
The September Jobs Report Lands This Morning. Here's What to Know.
Here is what you need to know ahead of this morning's monthly payrolls report: Economists polled by The Wall Street Journal ...
Jobs Report Adds to Economic Momentum for Harris
Recent reports have shown inflation slowing and the economy growing at a robust clip. The Fed has also cut interest rates, ...
Dow closes at record high after blowout jobs report
Stocks rallied after data showed nonfarm payrolls grew by 254,000 jobs in September, far outpacing the forecasted gain of 150 ...
Jobs report: Employment for native-born and foreign-born workers in September
The jobs report for September released Friday showed that employment rose for native-born and fell for foreign-born workers.
Stock market today: Indexes slip as bond yields jump after strong jobs data
"We can't rule out 'higher for longer' making a comeback this winter," Yardeni Research said of the strong jobs report and ...
Blockbuster jobs report paves way for US economy to avoid recession in 'soft landing,' experts say
A blockbuster jobs report on Friday paved the way toward a soft landing, in which inflation returns to normal levels while ...
Stock market today: World shares are mixed after a blockbuster US jobs report
European shares have opened lower after Asian shares advanced following a surprisingly strong U.S. jobs report that raised ...
Stock market today: Dow notches record high after strong jobs report eases slowdown worries
Odds of a 50 basis point cut dropped to 0% from 53% last week after the strong September jobs report, according to the CME ...
Kamala Harris buoyed by jobs report, inflation numbers with election a month away
Friday’s robust jobs report for September landed with about a month until Election Day — and the better-than-expected data ...