The Federal Reserve is expected to cut interest rates by 0.50% due to employment concerns, according to an economist known for the "Samuelson's Law".

September 18, 2024, 5:23 AM GMT+9 (Excerpt)

Although the US economy is not in a recession, the Federal Reserve (FRB) may cut interest rates by 0.50% at its meeting on the 17th and 18th due to concerns about the weakness in the labor market, predicted by former FRB economist Claudia Samuelson.
Economist Samuelson is known for proposing the empirical rule called "Samuelson's Law," which indicates a signal of entering a recession.