Economist: The Federal Reserve may keep interest rates unchanged for a longer period
According to Odaily, Brian Jacobsen, Chief Economist at Annex Wealth Management, stated: "There is noise in the unemployment claims data, especially during the holiday period, but even so, it remains the best data for gauging the health of the labor market." He added: "Perhaps the biggest surprise of the new year is that the labor market started to improve in December, which means the Federal Reserve may keep interest rates unchanged for longer than previously expected." (Golden Ten Data)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
S&P 500's Recent Flat Close Hides a Brutal Split Underneath
As Yields Break Records, Tom Lee Sees an Upside, But Only for the Strongest
PIMCO Dynamic Income Fund director Sonya Morris buys $79,885.50 in common shares
