Richmond Fed President Thomas Barkin noted that while the Fed has made strong progress so far, there’s still more work to be done to keep the momentum going.
Fed is making great progress but needs to keep it going.
There is still more demand for housing than supply.
The better way to address housing imbalance at this point is to build more, not suppress demand.
The current level of unemployment is fine, whether it is normalizing or weakening is something still to be determined.
Companies still feel labor is short on a long-term basis, are not firing though job growth is slowing.
Important that all banking regulators agree on appropriate regime.
U.S. is only advanced economy where GDP is now beyond pre-pandemic trend.
The drivers of growth include wealth effects for higher income families, low unemployment, real wage increases.
Biggest risk to growth is probably the unemployment rate, a cycle of layoffs would dampen spending.
A significant market correction could also cause families with more net worth to slow consumption.
Hard to assess impact of tariffs, but there will be some ammount of cost pressure, some movement of jobs, depending on what is implemented.
© 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.