September 2024 Economic Outlook: Fed Pivot! 50 basis point cut to counter labor
concerns amid lingering inflation fight
Following the big news from the Federal Reserve – a 50 basis point cut- Natalie Gallagher, Principal Economist at Prevedere discusses the largest cut in the Federal Funds Rate for in 16 years, the latest economic environment, expected impacts and implications, and recommendations for business in the areas of debt, workforce and pricing strategies.
Natalie provides updated forecasts from the Prevedere Economist Team’s – now incorporated into the Prevedere Platform’s baseline and scenario projections, and an additional source to assist your planning processes. She also highlights the correlation between Unemployment and the Federal Funds Rate as an example of a leading indicator. If you’d like to watch this month’s Economic Outlook Webinar, please visit here.
In the report:
1. Economic Update and Key Takeaways
· Federal Funds Rate cut drama and dissenting opinions
· Updated Prevedere projections for Federal Funds Rate
· Economic environment from for inflation persistent – focusing on shelter/housing
2. Leading Indicator Spotlight: Federal Funds Rate
3. Outlook and Predictions: Unemployment Rate
4. Recommendations and Summary of Q&A from the September 2024 Economic Outlook Webinar
With budgeting and planning season in full swing, Natalie points to three potential areas of interest for businesses to consider in 2025 – debt management, workforce availability and cost, and pricing strategy.
Access the August report and feel free to contact us if you have questions for Natalie or would like us to demonstrate how your business can access and exploit macroeconomic data for driving external analytics and predictive planning – quickly, easily and affordably with Prevedere.
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About Prevedere, Inc.
Prevedere is the world’s leading provider of external insights and predictive analytics solutions, combining technology and econometric analysis to deliver actionable intelligence. The Prevedere platform offers a patented AI-driven approach to identifying your most impactful and leading external indicators, constructing forward-looking models, supported by our Global Intelligence Cloud with data from thousands of external sources. Trusted by industry leaders such as Kraft Heinz, Kimberly-Clark, Cargill, and McDonald’s, Prevedere delivers strategic insights for superior risk mitigation and opportunity development.