Federal Reserve: A Data Storm Reinforces The Need For Additional Rate Cuts
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Principal Financial Group1.2K FollowersFollow5ShareSavePlay(3min)CommentsSummaryOne single rate cut is penciled in the Fed’s 2026 dot plot, but additional cuts, perhaps coming earlier in the year, will likely be warranted.Headline payroll weakness was driven by deferred resignations in federal jobs, though offset by gains in private payrolls.The absence of October data, combined with distortions in the November data collection, has made it more challenging than usual to accurately gauge the true direction of inflation. WANAN YOSSINGKUM/iStock via Getty Images By Magdalena Ocampo, Market Strategist After a period of data fog, there’s some visibility on the Fed’s potential path. Putting aside shutdown-related data distortions, the unemployment rate has risen to a four-year high, still well below recessionary levels, whileThis article was written byPrincipal Financial Group1.2K FollowersFollowThe Principal Financial Group (The Principal®) is a global investment management leader offering retirement services, insurance solutions and asset management. The Principal offers businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and insurance through its diverse family of financial services companies. Founded in 1879 and a member of the FORTUNE 500®, the Principal Financial Group has $519.3 billion in assets under management1 and serves some 19.7 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States.
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