Ed Yardeni sees Fed pausing rate cuts for 2024 after jobs report

October 5, 2024

The Federal Reserve’s rate-cut campaign for 2024 may have ended due to a strong labor report, signaling economic resilience. Wall Street experts, including Ed Yardeni and Larry Summers, criticize further easing, fearing inflation risks. Investors and economists debate the central bank’s future policy moves.

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Last month, the US economy added only 29,000 jobs, significantly below the economists’ forecast of 90,000 jobs. The unemployment rate rose to 4.2%, indicating a

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