MarketMinute | What can't the Fed rate cut do?
Jobless claims rose last week by the most since the onset of the pandemic, underscoring volatility in the labor market this time of year. The Fed cut its policy rate this week, its third cut of the year, even as many officials signaled they didn't support the move. Job openings rose slightly in October, but weak hiring and the lowest quits rate in five years highlight economic uncertainty. Fed Chair Powell said Fed actions won’t solve housing market struggles, including the supply shortage or...
READ MORE
