Note

FED'S GOOLSBEE: IF INFLATION AND JOBS CONTINUE TO COOL, FED SHOULD CUT

Wulan Viana
· Views 35



President of the Federal Reserve (Fed) Bank of Chicago Austan Goolsbee reiterated the importance of the Fed not reacting to a single data point on Friday after US Nonfarm Payrolls came in widely under forecasts, but noted that inflation and jobs data have both made significant progress in recent months.

Key highlights

The jobs data follows the trend of cooling labor market.

We had multiple good months of inflation, broad-based.

If inflation and the job market continue to cool, the Fed should cut.

We need to balance policy with the economy in short order



Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.

Content related