US Market: Fed’s Hammack says jobs data gives time to assess rate path
Federal Reserve officials have signalled they have time to assess incoming economic data before making further changes to interest rates. Cleveland Fed President Beth Hammack said September’s weak employment report was broadly consistent with recent labour-market trends. With hiring slowing but remaining stable and inflation pressures persistent, policymakers are weighing employment and price stability before the...
Key Takeaways
- Federal Reserve officials have signalled they have time to assess incoming economic data before making further changes to interest rates.
- Cleveland Fed President Beth Hammack said September’s weak employment report was broadly consistent with recent labour-market trends.
- With hiring slowing but remaining stable and inflation pressures persistent, policymakers are weighing employment and price stability before the next rate decision.
Federal Reserve officials have signalled they have time to assess incoming economic data before making further changes to interest rates. Cleveland Fed President Beth Hammack said September’s weak employment report was broadly consistent with recent labour-market trends. With hiring slowing but remaining stable and inflation pressures persistent, policymakers are weighing employment and price stability before the next rate decision.
Original Publisher Attribution
This summary was curated from Economic Times.