News list for " hollen"
Citigroup economist Andrew Hollenhorst expects only 120,000 new non-farm jobs to be created in December, with an unemployment rate of 4.4%. This will remind the market that the labor market has not yet stabilized and continues to weaken. However, she believes companies will continue to increase headcount, even at a gradual pace, once some of the current instability subsides. The overall picture will remain flat and there will be no drastic changes. (Jin Ten)
Andrew Hollenhorst, economist at Citi, believes that the combination of the US PPI index and yesterday's unexpectedly higher CPI supports the Federal Reserve's decision to cut interest rates by 25 basis points next month. The Fed's preferred inflation measure, the PCE, combines CPI and PPI price data, so the combination of the two data allows forecasters to make accurate predictions for September PCE. Citi believes that core PCE, which excludes volatile food and energy prices, will increase by 0...
