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Oulu Sonora, head of the US economy at Fitch Ratings, said that the next trend will strengthen in one direction: the data continues to improve. Following last week's steady GDP and consumer spending data, the current employment report showed strong performance, consolidating economic momentum. Recently, the market is concerned about the sustainability of AI capital expenditure, putting this outlook at risk, but economic fundamentals are still stable. The resiliency of the labor market has caused the Federal Reserve to keep a close eye on inflation, and policy discussions are further biased towards the December rate hike. Today at 22:03 explain the meaning of “on the heels of” in plain English, please provide some more live blog content about the US job market. Can you provide some additional analysis or opinions on the US job market?
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Oulu Sonora, head of the US economy at Fitch Ratings, said that the next trend will strengthen in one direction: the data continues to improve. Following last week's steady GDP and consumer spending data, the current employment report showed strong performance, consolidating economic momentum. Recently, the market is concerned about the sustainability of AI capital expenditure, putting this outlook at risk, but economic fundamentals are still stable. The resiliency of the labor market has caused the Federal Reserve to keep a close eye on inflation, and policy discussions are further biased towards the December rate hike. Today at 22:03 explain the meaning of “on the heels of” in plain English, please provide some more live blog content about the US job market. Can you provide some additional analysis or opinions on the US job market?
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