No Data
After the non-farm payroll report was released, the FOMC members stepped in to "manage expectations": the Federal Reserve is at or near a point of slowing down interest rate cuts.
In 2024, FOMC voting member Harker stated that the Federal Reserve is "at or near" the point of slowing down interest rate cuts; Federal Reserve hawkish official and board member Bowman, who has permanent voting rights during her term, indicated that progress on inflation seems to have stagnated and still believes that inflation is more concerning than the labor market.
Summary of views: Federal Reserve officials emphasize that interest rate cuts should be approached with caution as the usa job market remains healthy.
After the new non-farm payroll data was released on Friday, San Francisco Fed President Mary Daly stated that the usa job market still looks healthy. Chicago Fed President Austan Goolsbee also mentioned that although there have been fluctuations in a series of employment data in the usa, the labor market seems basically stable. Cleveland Fed President Beth Hammack noted that policymakers are "at or near" the stage where they should slow down the pace of interest rate cuts, citing strong economic conditions while inflation remains high. Fed Governor Michelle Bowman also reiterated her preference for a cautious approach to lowering rates.
Weekly Buzz: Now THOSE are records!!
Why Powell and the Fed Should Pause Interest-rate Cuts in December
Michigan Consumer Sentiment Index Rises
Index Records are BACK for Friday Market While Unemployment Climbs | Live Stock