A Deeper Look At The U.S. Labor Market And How It Continues To Support Consumer Spending

September 23, 2025
A smiling man in a suit stands in front of a background with text about the U.S. labor market and consumer spending. The text introduces Ross Bramwell, CFA, Managing Director of Investment Communications at HB Wealth.

Last month, we discussed how recent inflation data could influence the Federal Reserve’s (Fed) decision on interest rates. As expected, the Fed cut its key rate by 0.25% at the September meeting. In this video, we will cover:

  • The Fed’s other mandate: employment
  • Why a softer labor market allowed the Fed to cut rates, even as the economy continues to grow 
  • Whether the job market can remain resilient through early 2026
  • How additional fiscal stimulus set to reach consumers in 2026 could help and why this may be the key to avoiding a recession

Watch here: https://youtu.be/B7hYIz5y56s

If you have any questions regarding this video, please reach out to your client advisory team, or call 404.264.1400.

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Ross Bramwell, CFA

Managing Director of Investment Communications, Shareholder

Ross joined HB Wealth in 2013. He has over 20 years of experience across the accounting, financial services, and investment industries. He currently serves as a member of the HB Investment Committee. He previously managed the firm’s real estate platform. In his current role, Ross takes the lead on client communications, investment messaging, and presentations that focus the firm’s perspective and outlook on the economy and markets. He often participates in client meetings to discuss investment allocations, the economy and markets, and private alternatives.

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