Fed's Kashkari: Balance of risks has tilted toward higher unemployment
Source Fxstreet
Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari noted on Monday that the overall balance of risks has tilted slightly into labor headwinds, with progress on inflation continuing.
Key highlights
The balance of risks have shifted away from higher inflation towards maybe higher unemployment.
Overall the US economy is resilient.
The labor market still looks strong, we want to keep it that way.
I am not seeing signs of resurgent inflation.
Reduction in new rents inflation gives us confidence that housing inflation will come down over the next 12-24 months.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Insights – On November 21, Chinese e-commerce giant Pinduoduo (PDD) will release its Q3 2024 earnings.
TradingKey - When it comes to US economic data, the Nonfarm Payrolls (NFP) is indeed one of the most significant indicators. This employment report, covering more than 90% of the employed population i
Gold price attracts some buyers near the $3,312-3,311 region during the Asian session on Monday and fills a modest bearish gap opening amid subdued USD price action.
Solana (SOL) price extends its recovery, trading above $192 at the time of writing on Monday, after rebounding from the ascending trendline support last week.
Silver (XAG/USD) builds on the previous day's positive move and gains strong follow-through traction for the second straight day on Tuesday.
