Fed Rate Cut Speculation Continues as Jobs Market Slows, Inflation Persists
- Many are guessing if/when the Fed will cut interest rates as more inflation data emerges
- Morgan Stanley economist says labor market data can help predict Fed's next move
- Economist thought inflation would come down without a serious recession
- Jobs report was a bit stronger recently but downward hiring trend over past 18 months
- Seeing softening in hiring but not a pickup in firing