Reported 3 days ago
Kansas City Fed President Jeffrey Schmid emphasized the significance of the upcoming August jobs report on September 5, suggesting it could heavily influence the Fed's decisions. He highlighted concerns about persistent inflation above the 2% target and a potentially weakening labor market. While market speculation leans towards imminent rate cuts, Schmid remains focused on inflation risks rather than labor market softness, indicating a cautious approach to monetary policy adjustments.
Source: YAHOO