Everyday Economics: Signs of Slowing Economic Activity as Jobs Report Looms - Tennessee Star
- The U.S. Economy is showing signs of slowing economic activity as crucial data releases approach, including the December jobs report which is expected to show employment gains slowing down.
- The unemployment rate is projected to remain steady at around 4.2%, while core inflation is decelerating faster than expected, indicating economic momentum is slowing.
- Growth projections for Q4 GDP have been revised downward, with estimates of 2.4% growth from the Atlanta Fed and 2.3% from Goldman Sachs, compared to earlier forecasts.
- Market participants expect a pause in the Federal Reserve's rate-cutting cycle until at least June, influenced by moderating inflation and easing labor market conditions.
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