Powell: Recent strong employment data may be slightly 'exaggerated'
Powell stated at the press conference on interest rate decisions that overall, a range of indicators indicate that the labor market has recovered to pre-pandemic levels, which is relatively tight but not overheated. Members of the Federal Open Market Committee (FOMC) expect the labor market to continue to strengthen. However, Powell also suggested in his speech that recent strong employment data may be slightly "exaggerated" and hinted that benchmark data may be under revision.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
MANEKI soars 50% to lead meme coins, but why buy Vantard?
There is a Development That Could Be Important For Dogecoin: Company Allegedly Established to Be DOGE’s MicroStrategy
A company has reportedly acquired a major DOGE holding with the aim of becoming Dogecoin’s MicroStrategy. Here are the details.
British Giant Barclays Changed Its FED Interest Rate Forecast After Yesterday's Decision!
British bank Barclays revised its forecast, saying it expects the Fed to cut interest rates twice in 2025.
BREAKING: SEC Postpones Options Decision for Ethereum Spot ETFs – Here are the Details