- Analytics
- News and Tools
- Market News
- Fed's Bowman: Inflation still uncomfortably high
Fed's Bowman: Inflation still uncomfortably high
Federal Reserve (Fed) Board of Governors Michelle Bowman hit newswires on Tuesday, tempering expectations of a near-term rate cut. Fed Governor Bowman noted that despite recent progress on inflation, price growth levels still remain well-elevated compared to the central bank's target ranges, and that recent moves in the unemployment rate may be exaggerating general cooling in employment activity.
Key highlights
The labor market continues to loosen and come into better balance.
I have seen some recent further progress on lowering inflation, but inflation is still uncomfortably above the committee’s 2% goal.
I still sees upside risks to inflation.
We must view the totality of data as risks to employment and the price-stability mandates move into better balance.
Should incoming data show inflation is moving sustainably toward the target, it will become appropriate to gradually lower rates to prevent becoming overly restrictive.
Wage gains remain above the pace consistent with our inflation goal.
While the unemployment rate is up, it is still historically low.
I will remain cautious in my approach to any change in the policy stance.
I still see the need to pay close attention to the price-stability side of our mandate while watching for risks of a material weakening in the labor market.
It is possible that the strength of hiring has been overstated and that rise in the unemployment rate is exaggerating signs of cooling.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
