Powell: labour market has cooled to the point where it no longer poses significant inflationary pressure
Federal Reserve Chairman Jerome Powell said that PCE is expected to have risen by 2.3% in October from a year ago (2.1% in September), and core PCE is expected to have risen by 2.8% (2.7% in September). The US economy has been performing quite well recently and the labour market has cooled to the point where it no longer poses significant inflationary pressures.
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
Michael Saylor releases Bitcoin Tracker information again, possibly hinting at another BTC purchase
Decentralized prediction platform OracleX will launch its global public beta on December 1.
Michael Saylor releases Bitcoin Tracker information again, possibly hinting at another BTC purchase
Large token unlocks for SUI, ENA, SANTOS, and others scheduled for next week
Trending news
MoreCrypto prices
More
