Opinion: Powell points to downside risks in the labor market, and non-farm payrolls are again in the spotlight on Friday
2025-07-30 19:56:38
According to foreign media, although the GDP report released by the US Department of Commerce on Wednesday showed that economic activity has cooled in the first half of this year, Federal Reserve Chairperson Powell said in explaining the reasons for keeping interest rates unchanged that the labor market looks solid and inflation is above target. However, he also pointed out that there are downside risks in the labor market, which put the focus on the non-farm payrolls report released by the US Labor Department on Friday.
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