Federal Reserve's Goolsby: Expects more rate cuts than the median in 2026.

Odaily Planet Daily reports that Federal Reserve Bank of California's John Gorsby stated, "I expect more rate cuts than the median in 2026. The uncertainty surrounding low hiring and low layoffs outweighs the uncertainty surrounding the economic slowdown. Changes in data such as monthly payrolls make tasks like assessing break-even job creation rates difficult." (Jinshi)