7.1 C
Munich
Sunday, November 3, 2024

Fed’s Goolsbee: Labour market is at full employment

Must read

Speaking to Chicago public radio station WBEZ, Chicago Federal Reserve Bank President Austan Goolsbee warned on Thursday that if the strike continues, supply-chain disruptions could exert upward pressure on prices and negatively impact the economy.

Key Quotes

Dockworkers’ strike was predicted, retailers have been stockpiling and have about two weeks of supplies. After that, we will see more of an effect.

Dockworkers’ strike could have supply-chain issue effects, leading to some price increases.

Dockworkers’ strike could start as an inconvenience but get worse as it continues.  

We have largely gotten inflation down.  

The new inflation numbers are at the Fed’s target; the labour market is at full employment.  

25 bps vs. 50 bps cut is not as important as significantly reducing rates over the next 12 months to reach neutral.  

There has been a ‘partisanization’ of consumer confidence readings, making them less informative for consumer spending.  

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Read More

- Advertisement -spot_img

More articles

- Advertisement -spot_img

Latest article