Powell says August job report is a sign of continued strength in labor market

Federal Reserve Chairman Jerome Powell said Friday afternoon that the most recent monthly gauge of the U.S. labor market fit into an overall picture of a healthy jobs market and economy.

Wall Street is pricing in a greater than 90% chance that the rate-setting Federal Open Market Committee will trim its benchmark interest rate by a quarter-percentage point following its Sept. 17-18 meeting, according to CME Group data based on federal-funds futures. Powell said he hasn’t regretted becoming the leader of U.S. central bank, responding to a question that appeared to be a loosely veiled reference to constant attacks the Fed chairman has endured from President Donald Trump who nominated him.

I agree with @jimcramer, the Fed should lower rates. They were WAY too early to raise, and Way too late to cut - and big dose quantitative tightening didn’t exactly help either. Where did I find this guy Jerome? Oh well, you can’t win them all!

Wrong

Economy strong = lowering rates. This obviously is incorrect and 1 will reverse so the equation makes sense.

huh...😂 He is playing to an audience of one: Donald Trump.

so no cut? hmm

When is Trump gonna fire this clown who was put there by Obama and is not loyal to Trump

So why cut rates?

guess he didn't notice the DECIDED TREND LOWER...🤔

Is it?

But we need to cut.. you can understand why!

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Paid Program: Market Movers: August U.S. Jobs ReportFriday’s jobs data is the last big economic report before the next FOMC meeting. Jim Iuorio and Scott Martin explain what role the jobs number has on a data-dependent Fed.
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »