Capital Market Impact

Cycle Watch | February 2024: Economy is gaining speed in 2024

February 29, 2024
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The economy added 353,000 jobs in January, far more than expected. These stronger-than-expected figures came after December’s figure was revised sharply higher. While this current pace is unstainable, ongoing labor market resilience could complicate or delay the Fed’s intention to start cutting interest rates later this year.


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