The founder of the Sam rule: The Federal Reserve needs to start cutting interest rates.
Odaily Planet Daily Report: Claudia Sahm, the founder of the Sahm Rule and Chief Economist at New Century Advisors, has personally published a statement, believing that the US economy has not yet fallen into recession, but is "disturbingly close to recession", and it is time for the Federal Reserve to cut interest rates. Claudia Sahm said that the risk of economic recession has increased, which strengthens the reasons for the Federal Reserve to cut interest rates. The rise in the unemployment rate over the past year, as reflected in the Sahm Rule, now appears to have exceeded the normal level and is approaching the degree of recession. It is now time for the Federal Reserve to use its own tools and lower interest rates.
It is reported that the Sahm Rule is an indicator that predicts economic recession, believing that once the three-month moving average of the unemployment rate is 0.5 percentage points higher than the low point of the past year, it means that the economic recession has already begun.
