A fed rate cut will boost hiring in Big Tech, but firms will be cautious, HR experts told BI.
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AdvertisementThe jumbo-sized Federal Reserve interest rate cut Wednesday is bound to impact everything from home prices to new-car loans to hiring in the hard-hit tech sector.
But while the cut — the first in four years, and by a whopping 50 basis points — is likely to boost hiring, experts told Business Insider that Big Tech companies will likely be cautious.
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Persons:
—, Adam Stafford
Organizations:
Big, Service, Big Tech, Business
Locations:
Big Tech