Powell: The labor market has cooled to the point where it no longer generates significant inflationary pressure
2024-11-14 20:12:00
Midland Reserve Chairperson Powell said October month PCE forecast same perioddesk3cryptocurrencydesktopCrypto News
Federal Reserve Chairperson Jerome Powell said PCE is expected to rise 2.3% in October from a year earlier (2.1% in September), and core PCE is expected to rise 2.8% (2.7% in September). The US economy has performed quite well recently, and the labor market has cooled to the point where it no longer poses significant inflationary pressures.
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