Powell: labour market has cooled to the point where it no longer poses significant inflationary pressure
Federal Reserve Chairman Jerome Powell said that PCE is expected to have risen by 2.3% in October from a year ago (2.1% in September), and core PCE is expected to have risen by 2.8% (2.7% in September). The US economy has been performing quite well recently and the labour market has cooled to the point where it no longer poses significant inflationary pressures.
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
Tether plans an all-cash acquisition of Exor's 65.4% stake in Juventus Football Club
Data: 4.1136 million PENDLE transferred from Polychain Capital to FalconX, worth approximately $9 million
Trending news
MoreCrypto prices
More
