Is It Too Late For The Feds To Steer The U.S. Economy Back On Track?

Concerns are mounting that the Federal Reserve may have once again lagged behind the curve.

(The Center Square ) – With inflation easing faster in recent months, Fed policy has become more restrictive.

Can the Federal Reserve act now to avert a larger slowdown?

Prior to the latest jobs report, the Federal Reserve Bank of Atlanta’s GDPNow model estimated a healthy real GDP growth of 2.1% for the third quarter.

Absent sustained improvements in labor productivity, economic growth could stall along with stalling employment growth.

The latest jobs report provided little reassurance to investors, as employment growth appears to be decelerating more rapidly than anticipated.

This week’s Consumer Price Index (CPI) report will provide the first inflation data for August. 

https://dallasexpress.com/business-markets/is-it-too-late-for-the-feds-to-steer-the-u-s-economy-back-on-track/