TSX:AX.PR.E - Post by User
Post by
Torontojayon Jul 05, 2024 2:07pm
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Post# 36120123
The Federal Reserve
The Federal Reserve Not long ago projected the US unemployment rate would reach 4% by years end. Today it is already 4.1% and the Sahm number has reached 0.43% which is very close to the trigger rate of 0.5%. The unemployment spikes significantly once we surpass the 0.5% mark but I would say it's already baked in the cake.
The Fed should start to think about rate cuts before it's too late.