News list for "Panson Macro"
Samuel Tombs, an analyst at Panson Macro, said the Fed will soon be concerned about "an oversupply of labor and unpopular weak wage growth." He said the increase in job openings in the November JOLTS report was a surprise, but there are signs that employment costs are cooling. Tombs noted that the drop in the quit rate from 2.1% to 1.9% "indicates a sharper slowdown in [employment cost] growth." "So two straight months of 0.4% growth in average hourly earnings looks like noise around a trend tha...
Samuel Toms, an analyst at Panson Macro, said in a note that the Fed was "stalling" until the fiscal outlook became clearer. He said the Fed cut interest rates by 25 basis points, as expected, and the statement was almost a "copy" of what it said in September. Still, Toms said Fed officials will have to make an interim assessment of the outlook for new fiscal policy next month, when they release a summary of their quarterly economic forecasts. Panson Macro expects the Fed to cut rates by a furth...
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