Reported 24 days ago
Mary Daly, president of the San Francisco Federal Reserve, indicated that the Federal Reserve may need to lower interest rates in the upcoming months as the job market has shown signs of slowing down. While tariffs could lead to a temporary increase in inflation, she emphasized the importance of monitoring the labor market, which has softened, with July showing a mere 73,000 jobs added and an uptick in the unemployment rate to 4.2%. Daly's remarks highlight the need for policy adjustments as analysts express concern over a potential stall in hiring.
Source: YAHOO