Powell: labour market has cooled considerably, latest economic data strong
On 8 November, Federal Reserve Chairman Jerome Powell said that the labour market has cooled considerably and is now largely in balance.
The strong performance of the latest economic data is highly welcome. Policy remains restrictive.
No further cooling of the labour market is needed. Today's decision is another step in the recalibration process.
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.
You may also like
Elon Musk: xAI’s Grok 2.5 Model Is Now Open Source
BlackRock's BUIDL Fund Reaches Approximately $2.38689 Billion in Assets
Bitget Onchain Launches MACHO and MID Tokens
Macro Outlook for Next Week: July Core PCE Incoming, "Don’t Get Too Excited About Rate Cuts"
Trending news
MoreCrypto prices
More
