Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Fed's Balkin: Fed capable of responding to economic changes

Fed's Balkin: Fed capable of responding to economic changes

Bitget2024/11/12 17:09

The economy is in good shape, which allows the Fed to lower borrowing costs. ‘A strong but more discerning consumer, coupled with a more productive and higher-value labour force, has the economy in great shape. ‘ Balkin said Tuesday in remarks prepared for a speech at the Baltimore Common Summit. ‘The Fed has the ability to respond appropriately no matter how the economy evolves,’ he said, adding that interest rates are off their peak but still above historic lows. Balkin said he was considering two scenarios for the economy: as uncertainty over the election subsides, businesses could begin to reinvest and hire, leaving the Fed to focus on the upside risks to inflation. Or, companies could respond to margin compression from weaker pricing power by laying off workers, which would increase the employment risk to the Fed.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
Bloomberg ETF analyst: 21Shares applies for 2x leveraged HYPE ETF
2
A certain whale accumulated $12.02 million worth of digital gold within three weeks, with a total profit of $1.147 million.

Crypto prices

More
Bitcoin
Bitcoin
BTC
$108,902.18
-1.92%
Ethereum
Ethereum
ETH
$3,931.78
-1.66%
Tether USDt
Tether USDt
USDT
$1
-0.04%
BNB
BNB
BNB
$1,153.25
-2.21%
XRP
XRP
XRP
$2.37
-1.94%
Solana
Solana
SOL
$186.34
-4.11%
USDC
USDC
USDC
$0.9998
-0.10%
TRON
TRON
TRX
$0.3170
-1.00%
Dogecoin
Dogecoin
DOGE
$0.1908
-3.13%
Cardano
Cardano
ADA
$0.6514
-2.67%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter