Stock Groups

Could reach maximum employment by mid-2022 -Breaking

[ad_1]

© Reuters. FILE PHOTO – Jerome Powell, Federal Reserve Chairman, attends the hearing of House Financial Services Committee on Capitol Hill, Washington, U.S.A, September 30, 2021. Al Drago/Pool via REUTERS/File Photograph

(Reuters) – Federal Reserve Chairman Jerome Powell said Wednesday that the U.S. employment market could have improved sufficiently by mid-2019 to allow it to be considered “maximum employment.” This hurdle is crucial for the central bank in considering raising interest rates.

Powell spoke at a conference following the Fed’s recent policy meeting and said that officials didn’t see any “troubling rises” in worker’s wages, which could increase the possibility of an “wage-price spiral” phenomenon that would force the Fed into action sooner than anticipated to control inflation.

Disclaimer Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses caused by the data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]