Reported 1 day ago
During Jerome Powell's speech at the Jackson Hole Economic Symposium, he indicated a potential cycle of interest rate cuts starting in September, while emphasizing the need to monitor the curious state of the US labor market, which is facing a slowdown in job supply and demand. Powell warned of rising employment risks, such as increased layoffs and unemployment, even as the unemployment rate remains stable. The speech reflects the Fed's shift in focus towards employment amid significant uncertainties in economic policies, contrasting the previous attention on inflation.
Source: YAHOO