Jobs Report Signals a Soft Landing: iCapital's Amoroso

The video discusses a jobs report indicating a soft landing for the economy. It highlights ongoing job creation and easing wage inflation, which aligns with the Federal Reserve's goals. The report suggests that both employers and employees are adjusting wage expectations due to layoff sentiments, contributing to downward wage pressure. The Fed views this as a sign that their strategies are effective, aiming to maintain economic stability and labor market balance.

In what way does the report suggest that the Fed's policies are effective?

What does the term 'rebalancing in the labor market' refer to in the context of the report?