The Fed can't ignore the labor market any longer: BCA

The Federal Reserve “can’t ignore the labor market any longer,” BCA Research said in a Friday report.

Despite the lack of such a signal, BCA highlights that the Fed “no longer has the luxury of focusing purely on inflation." BCA also pointed out the monthly nonfarm payroll numbers, which show a decisive downshift in momentum. The economy added 206,000 jobs in June but with significant downward revisions to the prior two months.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Fed officials are getting more concerned about the labor marketFederal Reserve (Fed) Chair Jerome Powell said recent data suggest that they’re getting back on a disinflationary path and that unexpected labor market weakening could prompt a policy reaction, BBH macro analysts note.
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