Powell: Unemployment rate has fallen in past three months, remains low
Federal Reserve Chairman Jerome Powell said the unemployment rate has fallen in the past three months and remains low. If there were no storms and strikes, hiring would be ‘a little higher’. He also said that the economy was supported by improved supply conditions and that consumer spending growth remained resilient.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Powell: economic data doesn't show need for hasty rate cuts
Powell: slower pace of rate cuts may be necessary as we approach neutral rate
71% probability that the Fed will cut rates by 25 basis points in December
Institutions: Powell offers little new guidance on rate cuts
Trending news
MoreCrypto prices
More
