Closing Bell: Powell presser pumps up market, Gary Cohn reacts, Big earnings movers 2/1/23
Closing Bell
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Is the Fed Going to Cut Rates This Year?
"I don't think the Fed is going to break the back of the employment market for a variety of reasons," he says. "The labor market's going to stay strong, and I think they're going to give up on this fact that we have to break the labor market to stop raising rates" The infrastructure bill will bring additional need for labor from engineering all the way down to manual labor in the construction of the US Infrastructure.
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