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MoneyNeverSleeps.
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- 05 Jan '24 at 3:29 pm #69775
MoneyNeverSleeps
ParticipantFed’s Barkin:
Labor market fees like it’s moving in a steady, softening pattern
Consumer demand remains healthy, though slowing
Labor market reacceleration at this point seems unlikely
There is more uncertainty around the path of inflation given that progress over last six months has been so reliant on goods
Companies still trying to raise prices; need to see how consumers and competitors react
First quarter will be important given that businesses tend to mark up at the start of the year
US still at a point where inflation is above target and employment is near max
Labor market is ‘normalizing nicely’
No problem ‘toggling’ rate to more normal levels as you build confidence inflation is falling05 Jan '24 at 3:30 pm #69776MoneyNeverSleeps
ParticipantThe Wall Street Journal Fedwatcher Nick Timiraos post-report analysis and writes.
The December jobs report doesn’t scream “change your policy stance ” for the Federal Reserve. In fact, it doesn’t change much of anything for the central bank.
06 Jan '24 at 11:05 am #69625Helmholtz Watson
ParticipantNo surprise with the FOMC minutes as expected though they did the expand rate cut dialogue to remind it isn’t over yet for ates, possibly. For the Fed
[See the full post at: Central Bank Watch – Week Ahead Focus on Final CPI Before January 31st FOMC] - AuthorPosts
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