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Fed’s Powell signals willingness to cut rates if job market weakens, risking higher inflation
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Also Read: Wall Street week ahead: Investors’ focus on Fed speakers, PCE index While the Fed is waiting to be sure its inflation battle is won before cutting rates, “an unexpected weakening in the labour market could also warrant a policy response," he said after its two-day policy meeting. Powell said he didn’t see any cracks in the job market now, but some economists are not so sanguine.
They point to marked increases in joblessness in a number of states, continued declines in temporary staffing and reduced working hours. "Exciting news! Mint is now on WhatsApp Channels
. Read more on livemint.comAbout this in other media
When will Fed cut rates? As US economy flexes its muscles, maybe later or not at all abcnews.go.com /8 months ago
The Fed is wrong about how low interest rates will go: Bill Dudley economictimes.indiatimes.com /8 months ago
Stocks, bonds gain as Powell signals rate cuts are ahead investmentnews.com /8 months ago
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