“We’re expecting payroll hiring to come close to grinding to a halt this year, which we think would push up the unemployment rate to 4.6% in the fourth quarter,” Wells Fargo Senior Economist Sarah House told the bank’s clients.Wells Fargo economists predict Fed rate cuts as labor market weakens
“We’re expecting payroll hiring to come close to grinding to a halt this year, which we think would push up the unemployment rate to 4.6% in the fourth quarter,” Wells Fargo Senior Economist Sarah House told the bank’s clients.