Hiring slowdown ahead of Friday's jobs report could force Fed's hand

The labor market is expected to slow down. Here's how it could impact the Federal Reserve.

Transcript

00:00I do expect to slow down in hiring. I think that the labor market will impact the Fed,

00:06but I don't think it will do so immediately. I think it will take time for that to play out.

00:10The labor market has been very, very strong until now. I think it's going to weaken.

00:14I think it's going to get harder for people to find good jobs in the next 24 months. So that

00:20will be a win-in-the-face factor the Fed will have to face and probably will lead to them

00:26cutting rates eventually, but I don't think it's going to be in the near term.