Leading IT Services Executive Releases Statement On Interest Rate Cuts

Smoothstack Chief Executive Officer, John Akkara, optimistic as Federal Reserve cuts interest rates in light of cooling job market and rising unemployment

McLEAN, VIRGINIA — In response to today’s announcement from the Federal Reserve, Smoothstack CEO John Akkara released the following statement:

“Today’s rate cut comes on the heels of rising unemployment and recent downward revisions in the jobs numbers. These large interest rate cut of 0.5% is an action I am hopeful will jolt our economy forward, especially our labor market. Workers are the backbone of our economy, and today’s actions from the Federal Reserve, combined with the continued work of the private sector in companies like Smoothstack, reaffirm the commitment to sustainable economic opportunity for everyone.”

About Smoothstack

Smoothstack is an IT staffing solutions services provider with a unique ability to create net-new talent through its hire-train-deploy (HTD) approach. Its experienced team provides strategic consulting, project support, and talent development in the areas of Application Development, Cloud, Digital Platforms, Data Engineering & AI, and Cybersecurity to F500 companies and government agencies. With AI embedded throughout its vetting and training process, Smoothstack skills high-aptitude software engineers on leading technologies aligned to their clients’ unique tech environments. For more information visit www.smoothstack.com.