ilmscore | (NEW) Worst Job Report Since COVID: EXPLAINED

Predictions from this Video

Total: 3
Correct: 0
Incorrect: 0
Pending: 3
Prediction
Topic
Status
If the US unemployment rate, currently at 4.1%, continues to cool (e.g., rise significantly) and big tech companies announce further layoffs in 2025, the Federal Reserve will likely cease cutting interest rates.
"we currently sit at 4.1 and if this continues to cool with all this talk about big Tech reducing their guidance for 2025 and if there's more layouts that continue to happen then again it should only be a matter of time that potentially the Federal Reserve might no longer be in a position to continue to cut interest rates if the labor market doesn't support it"
US Economy / Federal Reserve Policy
Pending
The CPI data report will be released either the week of November 3rd, 2024, or the week of November 10th, 2024, followed by an FOMC meeting where the Federal Reserve will make an announcement.
"if I'm not if it's not this week it's going to be next week it's going to be the CPI data report which will share where the rate is at and then the Federal Reserve will come together during that FC meeting and announce"
Economic Data / Federal Reserve Meeting
Pending
During the upcoming FOMC press conference, analysts will specifically question Jerome Powell about the recent unsatisfactory job market and labor report.
"I have no doubt that people will bring up this job market or uh labor report because it was not good"
Federal Reserve Press Conference
Pending