Labor market can't cool 'too much more': Fmr. Fed Vice Chair

Blinder, now a Princeton University professor of economics and public affairs, suggests that while something"unusual" could happen in the four weeks leading up to the next Fed meeting, he anticipates a 25-basis-point cut in September if conditions remain stable., but we don't want to exaggerate this too much," indicating that the Fed still has an opportunity to correct course.

Uh, you know, there are a lot of numbers on inflation on consumer spending on, uh, pro, uh, production and so on.Which, of course, is one reason why I was back then back then, uh, advocating that they should cut interest rates.Yes, it's because more people are entering the labour force. It means that if the labour market should deteriorate more than he and the Fed now expect, there could be an acceleration of the interest rate cuts start doing fifties or something like that.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Retail earnings, Fed Chair Powell's speech: What to watchAs the trading week draws to a close, here are the key events investors can turn their attention to in the coming week. Retail earnings take center stage...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »