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Jesse Wheeler warns that interest rate cuts take a while to filter through the economy. He discusses how a cut could affect the jobs market and housing market, but thinks that businesses may stay on the sidelines after a first cut. He talks about why the labor market has taken a hit, tying it to immigration issues: “without that engine of labor supply,” the jobs needed to be created to keep unemployment low drops.

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How Much Will an Interest Rate Cut Impact Labor & Housing?

Schwab Network

How Much Will an Interest Rate Cut Impact Labor & Housing?