News list for " the labor market"
Citi analysts said in a report that while recent labor market data may have caused some market participants to reconsider their expectations for a rate cut, it is unlikely that the Fed will skip a rate cut during its November meeting. While non-farm payrolls rose sharply by 254,000 on Friday, beating economists' expectations of 140,000, analysts noted that we doubt Friday's strong payrolls report will last. Citi noted: The previous string of weakness...
Mr. Bostic said the labour market had slowed but did not appear weak or weak; the economy was close to the Fed's target and "edging closer"; inflation remained well above 2 per cent; the risk that the economy was too strong could hinder policy readjustment; and there remained a strong focus on the inflation target but also on labour market conditions.
