Summers Says Jobs Weakness Makes It Closer Call on Fed Going 50
Former Treasury Secretary Lawrence Summers said that while the August employment report wasn’t particularly poor, it did make predicting the size of the Federal Reserve’s likely interest-rate cut this month a tougher call.
“The numbers certainly didn’t show hugely pronounced weakness, but if you were concerned by the recent trend in the statistics, they certainly didn’t give you a clean bill of health for the economy,” Summers said on Bloomberg Television’s Wall Street Week with David Westin. “It’s looking like a closer call for 25 versus 50 in September than was my guess a month or two ago.”
Related
A top recruiter says sports marketing roles are hot right…
Jobs are opening up in the sports industry as teams expand and money flows into the industry.Excel Search &
Public employees and the private job market: Where will fired…
Fired federal workers are looking at what their futures hold. One question that's come up: Can they find similar salaries and benefits in the private sector?
Mortgage and refinance rates today, March 8, 2025: Rates fall…
After two days of increases, mortgage rates are back down again today. According to Zillow, the average 30-year fixed rate has decreased by four basis points t
U.S. economy adds jobs as federal layoffs and rising unemployment…
Julia Coronado: I think it's too early to say that the U.S. is heading to a recession. Certainly, we have seen the U.S. just continue t
