US Economy Resilient but Some Parts Still ‘Sluggish,' Fleming Says
Market Intelligence Analysis
AI-PoweredThe US economy is showing resilience but with a sluggish employment sector, prompting potential rate cuts from the Fed in December to boost the jobs market, which may lead to higher inflation.
Market impact analysis based on neutral sentiment with 69% confidence.
Article Context
For the most part, the US economy has remained resilient, but employment has been lagging, says Greg Fleming, President and CEO at Rockefeller Capital Management. Due to this, Fleming sees the Fed cutting rates in December to support the jobs market, even though this may lead to the economy 'tolerating' higher inflation. Fleming spoke to Bloomberg's Anna Edwards on "he Pulse" on December 4. (Source: Bloomberg)
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