Atlanta Federal Reserve Bank (Fed) President Raphael Bostic noted Tuesday that despite a recent slowdown in the US labor market, the labor market itself shows no signs of weakness, highlighting Furthermore, despite significant progress in inflation, overall price figures have not yet reached target levels.
Key points
The labor market has slowed, but it is neither slow nor weak.
Monthly job creation is above what is required to take into account population growth.
The economy is close to the Fed’s goals and getting closer.
The inflation rate is still well above 2%.
He remains focused on inflation, but the labor market is also relevant.
There is a risk that the economy is too strong and could hamper policy recalibration.
Companies say consumers have become much more price sensitive, limiting their ability to raise prices.
Hurricanes Helene and Milton potentially have significant implications for the economy over the next three to six months.
Changes in supply chains mean that business cost structures will also change, something the Fed will need to understand.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
