
Moody's chief economist cautions that potential multiple rate cuts in 2026 could indicate economic fragility, as recent U.S. job growth remains stagnant.
Federal Reserve official Austan Goolsbee remains optimistic on rate cuts despite caution about premature easing, while John Williams projected GDP growth of 2.25% in 2026 and a neutral policy stance. Moody's chief economist warned that multiple rate cuts next year might signal a fragile economy rather than prosperity. U.S. Bureau of Labor Statistics data showed only 64,000 new jobs in November 2025, with little net change since April, underscoring labor market stagnation.