The job market is reaching a turning point that will usher even steeper Fed rate cuts, top economist says
The unemployment rate could climb past 5% by the end of the year, top economist David Rosenberg previously forecast.
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- The job market is about to see a big shift that could bring faster Fed rate cuts, David Rosenberg said.
- The top economist predicted unemployment would soon accelerate, surpassing the change in job openings.
- That will emphasize the need for faster Fed rate cuts, he said in a note to clients.
The job market is reaching...
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