Sam's Rule founder: The Fed needs to start cutting interest rates

Claudia Sahm, founder of the Sam's Rule and chief economist of New Century Advisors, personally published an article stating that the US economy has not yet fallen into recession, but it is "uncomfortably close to a recession" and it is time for the Federal Reserve to cut interest rates. Claudia Sahm said that the risk of a recession has increased, which strengthens the Fed's reason for cutting interest rates. The rise in unemployment over the past year, as reflected in the Sam's Rule, now looks beyond normal levels and is uncomfortably close to a recession. It's time for the Fed to use its own tools and lower interest rates. It is reported that the Sam's Rule is an indicator that predicts a recession. It is believed that once the three-month moving average of the unemployment rate is 0.5 percentage points higher than the low point of the past year, it means that a recession has begun.