Tim Horan, chief information officer for fixed income at Chilton Trust, said strong job creation confirmed the Fed's approach and suggested a soft landing was just around the corner.
Horan said the higher-than-expected 254,000 of new non-farm payrolls in September allowed the Fed to be absolutely pragmatic and even consider pausing (rate cuts) in November to digest the election results without worrying about falling behind the curve. With the job market doing quite well, the Fed can take its time adjusting monetary policy and learn how elected officials plan to handle government spending. Horan said that while officials avoid commenting on fiscal policy, the Fed has to worry about ballooning national debt.
Agency: Nonfarm payrolls report confirms Federal Reserve's soft landing expectations
2024-10-05 04:04:46
Chilton trust fixed income division chief information officer timdesk3cryptocurrencydesktopCrypto News
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