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.

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

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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