Job market, spending show 'welcome moderation': Fmr. Fed Pres.

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 43 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 45%
  • Publisher: 63%

European Central Bank Notícia

Esther George,Bank Of Canada,Federal Open Market Committee

Investors are preparing for Friday's jobs report, which comes ahead of next week's Federal Open Market Committee Meeting (FOMC). The rate-cutting cycle has...

Investors are preparing for Friday's jobs report, which comes ahead of next week's Federal Open Market Committee Meeting . The rate-cutting cycle has also started, led by the Bank of Canada and the European Central Bank. Former Kansas City Federal Reserve president Esther George joins Market Domination Overtime to discuss monetary policy and key economic indicators.

And right now, even though inflation has come down quite dramatically over uh the last year, it remains well above this committee's target. And so in the case of the ECB, uh you look at Europe was really affected more around its inflation dynamics with energy, for example. But there are some factors around the job market that show it is beginning to come into better balance as it relates to the quits rates.

And we know that inflation has really clouded how Americans feel about uh their prospects even though we have really historically high employment in the country. So all of those indicators I think right now are in play in terms of providing really a a totality as the fed chairman has talked about in data that the committee will be considering as they look and see whether their policy settings continue to be appropriate.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 47. in BR

Brasil Últimas Notícias, Brasil Manchetes