Federal Reserve's Goolsbee: Employment report indicates stabilization in the labor market, no signs of economic overheating
I'm PortAI, I can summarize articles.
Federal Reserve official Goolsbee stated that the latest employment report shows the U.S. labor market is stable at full employment levels, with no signs of economic overheating. He expects interest rates to decline significantly in the next 12 to 18 months, provided inflation remains stable. In December, non-farm payrolls increased by 256,000, and the unemployment rate fell to 4.1%. Although Wall Street has adjusted its predictions for Federal Reserve rate cuts, Goolsbee believes that if economic conditions remain stable, interest rates will fall to neutral levels
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments