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Podcast: Notes on the Week Ahead
Episode: The Jobs Mosaic
Description: On Wednesday of next week, the Federal Reserve will almost certainly embark on its long-anticipated easing cycle. However, whether the first cut in the federal funds rate is 25 or 50 basis points is still very much in doubt. This is a crucial question for the economy and financial markets since a 50 basis point cut might well do more harm than good if businesses, consumers and investors saw it as a signal that the Fed is worried about recession.
The most important issue for the Fed as they debate this decision is the strength of the U.S. labor...