The job market has 3 weak spots that could bring steeper Fed rate cuts, Goldman Sachs says
Pedestrians walk past a Now Hiring sign in Arlington, Virginia, on March 16, 2022.
Stefani Reynolds/AFP/Getty Images
- The job market is flashing mixed signals, according to Goldman Sachs.
- Weak hiring trends could lead the Fed to cut rates more than expected, strategists said.
- The bank said hiring conditions are deteriorating faster than in previous years with a rate cut.
The robust US job market has some soft spots, and that could make the case for the Federal...
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