Fed officials uneasy about job market as they get ready for Jackson Hole

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 45 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 63%

Unemployment Rate Nachrichten

Federal Reserve,Fed Officials,Jackson Hole

Federal Reserve officials gathering at the annual central banking conference in Jackson Hole, Wyoming, this week can take some satisfaction that the U.S...

WASHINGTON - Federal Reserve officials gathering at the annual central banking conference in Jackson Hole, Wyoming, this week can take some satisfaction that the U.S. unemployment rate, at 4.3%, remains low by historical standards.

Other Fed officials including San Francisco Fed President Mary Daly said in other interviews they were gaining confidence that inflation was returning to the central bank's 2% target and that they were open to rate cuts. The trend began changing this year, and Fed officials have given increasing weight to the risks they feel they are running by keeping monetary policy too tight for too long.The U.S. government reported weaker-than-expected job growth in July, with employers adding just 114,000 positions. The July reading pulled the three-month average below the pre-pandemic trend, and pushed the unemployment rate up two-tenths of a percentage point to 4.3%.

Amid still-strong consumer spending and economic growth that may be slowing but remains positive, the Fed is not yet ready to consider the job market in crisis - it just wants to avoid creating one.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 47. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Traders Need Fed Go Sign in Jackson Hole to Keep Stocks Rallying(Bloomberg) -- Wall Street is betting that Federal Reserve Chair Jerome Powell will confirm that interest-rate cuts are coming at the central bank’s annual...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

All eyes on the Fed at Jackson Hole amid market rebound: What to know this weekWith the market's recession fears having cooled for now, investor focus has shifted to what Federal Reserve chair Jerome Powell says about interest rate cuts...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »