[ad_1]
Federal Reserve (Fed) Bank of San Francisco President Mary C. Daly made additional comments on Thursday, acknowledging that further rate cuts will likely be needed from the Fed in the months to come, but admitted that the US central bank still needs to watch both sides of its mandate to support the labore market and control inflation.
Key highlights
The inflation impact of tariffs hasn’t been as large as forecast, and has had a bigger impact on the labor market.
Rates remain modestly restrictive.
I think a little more rate cutting will be needed over time.
We are in a tradeoff space, we need to balance risks.
The US economy is in okay shape.
The Fed needs to monitor inflation and also the labor market for weakness.
New college graduates are having a hard time getting hired, and this is something we need to keep our eye on.
We’re also watching low job finding rates, length of time it takes to find a job, as leading indicators on the labor market. Those are yellow flags for the job market.
[ad_2]
Source link
Your article helped me a lot, is there any more related content? Thanks!
Reading this in the morning set a good tone for the day, and a quick visit to firstisnotequallast kept that good tone going, content can do that sometimes when it hits the right notes and finding sites that consistently strike that tone is something I have learned to recognise and reward with regular visits.