U.S. Federal Reserve policy-makers see job market as key to rate-cut decision

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 24 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 177%
  • Publisher: 92%

Canadian News Новости

Canada News,Breaking News Video,Canadian Breaking News

Boston Fed President Susan Collins said on Thursday that she believes it will ‘soon’ be appropriate for the central bank to begin reducing rates

Federal Reserve policy-makers on Thursday said that with inflation well down from its highs they are paying close attention to the U.S. labour market to gauge when to begin reducing interest rates, with one saying they should move “soon.”

Collins, in an interview with Fox Business on the sidelines of the annual global central banker economic symposium in Jackson Hole, Wyoming, said that inflation has eased “quite a lot.” The Fed targets 2 per cent annual inflation by the personal consumption expenditures price index; by that gauge inflation was 2.5 per cent in July.

Her view contrasts with Kansas City Fed Bank President Jeff Schmid, one of the U.S. central bank’s more hawkish policy-makers.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 5. in RU

Россия Последние новости, Россия Последние новости