Of course the U.S. economy is not doing just fine. In fact, small businesses have been bleeding workers for quite a few months… ADP data shows small businesses with 1-49 workers have been reducing workers for four months. Those with 20-49 workers have shed workers for 7 straight months. And more workers are getting the axe with each passing day.
https://www.activistpost.com/2024/09/is-there-a-secret-ulterior-motive-behind-the-emergency-move-that-the-federal-reserve-just-made.html
Of course the U.S. economy is not doing just fine. In fact, small businesses have been bleeding workers for quite a few months… ADP data shows small businesses with 1-49 workers have been reducing workers for four months. Those with 20-49 workers have shed workers for 7 straight months. And more workers are getting the axe with each passing day. https://www.activistpost.com/2024/09/is-there-a-secret-ulterior-motive-behind-the-emergency-move-that-the-federal-reserve-just-made.html
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Is There A Secret Ulterior Motive Behind The “Emergency Move” That The Federal Reserve Just Made? - Activist Post
It was expected that the Fed would cut rates. But it was the size of the rate cut that stunned a lot of the experts.
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