Fed Chair Jerome Powell Is Worried About the Job Market. Here Are 3 Red Flags for Workers.
5 Articles
5 Articles
Breakfast briefing: Guessing that renewed inflation is 'transitory'
China reveals extended weak FDI; Canada gets tariff inflation; Japan inflation dips but rice still a problem; US markets like that Powell de-emphasising the inflation fight; UST 10yr at 4.26%; gold and oil firmer; NZ$1 = 58.7 USc; TWI-5 = 66.3
US Inflation To Edge Up As Powell Shifts On Job Market
A key US inflation gauge probably ticked higher last month, underscoring the challenge Federal Reserve Chair Jerome Powell and his colleagues face in balancing rising prices and mounting risks in a fragile job market.A report Friday is forecast to show the personal consumption expenditures price index excluding food and energy — the Fed’s preferred measure of underlying inflation — rose 2.9% in July from a year ago. That would be fastest annual …
Powell said there is now a higher risk of the labour market faltering, although concerns about inflation persist
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