Fed's Hamak: Jobs report'disappointing ', but doesn't mean rate cut this week
2025-08-01 13:42:23
August 1, 2026 FOMC voting committee, Cleveland Federal Reserve President Hamak, in an interview with Bloomberg, pointed out that the non-farm payrolls report released on Friday was "disappointing", but it does not mean that the Federal Reserve should cut interest rates at this week's policy meeting. He said that I am confident in the decision we made earlier this week, although the July employment data was weaker than expected, we must take a comprehensive look at the data. When I look back at the current situation, I find that the labor market is basically in balance. < b > Once again, today's report is just a report , and it is crucial to monitor labor conditions while inflation remains too high.
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