Jobs market: Fed Official Waller Points to ‘Stall Speed’ Ahead of December Decision
Federal Reserve Governor Christopher Waller recently raised a serious red flag about the jobs market, suggesting it could be hovering at “stall speed” and motivating him to push for another interest rate cut at the Fed’s December meeting. His remarks reflect growing concern that labor-market momentum is fading, a trend that could have wide implications for the U.S. economy, inflation, and financial markets.
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