Wednesday, 15 May 2024

Fed’s Powell sees good picture in US economy, cautions on disinflation

by BD Banks

Fed Chair Jerome Powell, speaking at an event in Amsterdam, characterized the recent US economic data as presenting a “good picture.” He noted that the labor market is showing signs of “gradual cooling” and moving toward “better balance.” However, he pointed out that disinflation in the first quarter was marked by a “lack of further […]

The post Fed’s Powell sees good picture in US economy, cautions on disinflation appeared first on Action Forex.

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