Sunday, February 25, 2024
Happening Now

U.S. labor market soars in January as investors hope for soft landing, fear further rate hikes

The January jobs report showed unemployment at its lowest since 1969, but investors fear the hot economy will bring further interest rate hikes from the Federal Reserve. Lori Bettinger, president of Bancalliance, joined CBS News to discuss why the prospect of a soft landing is looking more likely. Source