Powell: labour market has cooled considerably, latest economic data strong
On 8 November, Federal Reserve Chairman Jerome Powell said that the labour market has cooled considerably and is now largely in balance.
The strong performance of the latest economic data is highly welcome. Policy remains restrictive.
No further cooling of the labour market is needed. Today's decision is another step in the recalibration process.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Silo Labs updates on xUSD depegging incident, approximately $2.13 million in repayments confirmed so far
Data: The current Crypto Fear & Greed Index is 15, indicating a state of extreme fear.
Data: US Solana spot ETF sees a single-day net inflow of $23.66 million
Trending news
MoreCrypto prices
More
