Be Well: What the Federal Reserve's Rate Hike Pause Means for Economy
Marty Cantor, CPA and economic development consultant, joined Cheddar News to talk about what the Federal Reserve's decision to pause rate hikes after 10 consecutive increases means for the economy. "I definitely believe there's going to be rate hikes. My thinking is it will probably go up in July," he said.
The U.S. added 142,000 jobs in August, below expectations. The unemployment rate fell to 4.2%. The cooling job market raises chances for an interest rate cut.
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