Reported about 1 year ago
The Federal Reserve indicated in a report to Congress that inflation is easing and the job market is resembling the pre-pandemic conditions, with housing prices expected to stabilize back to normal levels. The job market is rebalancing with labor demand decreasing and supply increasing, leading to similar conditions as before the pandemic. These findings come ahead of Fed Chair Jerome Powell's testimony next week, where the focus will likely be on the Fed's monetary policy plans amidst slowing job growth and rising unemployment rates.
Source: YAHOO