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Powell opening statement: We have more work to do

Powell opening statement: We have more work to do
  • We have covered a lot of ground over the past year
  • Full effects of hikes have yet to be felt
  • Housing activity continues to weaken
  • Consumer spending appears to be subdued
  • Fed will likely have to maintain restrictive stance for some time
  • The jobs market remains extremely tight
  • Pace of jobs gains has slowed and nominal wage growth too, but labor market is out of balance
  • Inflation in last three months show a welcome reduction in the pac... Read More
Posted: Feb 1 2023, 19:33
Author Name: forexlive
Views: 102161

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