Fed Rate Cut Likely as Spending Drops, Hiring Slows
Update: 2025-11-26
Description
Consumer spending and hiring slowed in November, according to the Federal Reserves Beige Book report, increasing the likelihood of a December interest rate cut. Employers are implementing hiring freezes, reducing hours, and turning to AI for entry-level jobs. Rising health insurance costs and tariffs are straining businesses, with some seeing profit margins squeezed or facing financial strain. While some Fed officials support a rate cut, others prefer to keep rates steady, and investors now expect an over eighty-five percent chance of a cut in December.
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