The US economy remains on track to post a moderate downshift in growth in next month’s third-quarter GDP report, based on the median estimate for a set of nowcasts compiled by CapitalSpectator.com.
Daily Archives: September 4, 2025
Macro Briefing: 4 September 2025
US job openings fell in July, dropping to a level that’s close to a 4-1/2 year low and fueling expectations that the labor market is cooling. The report strengthened forecasts that the Federal Reserve would cut interest rates at its upcoming policy meeting on Sep. 17. “This is a turning point for the labor market,” said Heather Long, chief economist at Navy Federal Credit Union. “It’s yet another crack.”
