melody
@jll
@jll Eric Winograd, Senior Economist at Alliance Bernstein, wrote that the Federal Reserve needs to make progress on inflation and experience "some weakness" in the job market before it can cut interest rates again, which may take several months. The possibility of a rate hike is unlikely, as there is no indication that inflation is accelerating again. Winograd stated that, apart from strong overall data, the three-month moving average growth rate of employment remained unchanged from November. The unemployment rate has slightly decreased from 4.2% to 4.1%, and has been between 4.0% and 4.2% for the past 7 months, "Winograd believes." There is no reason to expect anything other than the soft landing we are currently enjoying @fookinnowan
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