Fed's Collins: US economy, labor market remain strong
Source Fxstreet
Federal Reserve (Fed) Bank of Boston President Susan Collins noted late on Tuesday that current Fed policy is helping to cool inflation, but the US economy and labor markets still appear strong, and core inflation still remains elevated.
Key highlights
I am more confident inflation is on durable path of ebbing.
It is important for Fed to preserve healthy labor market conditions.
Core inflation has moderated but is still elevated.
Unemployment still historically low, job growth solid.
Restrictive monetary policy has helped cool inflation.
The data shows the economy is strong and resilient.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Bitcoin (BTC) edges below $73,000 at press time on Monday, extending its decline under the prevailing downside pressure from three consecutive weeks of losses.
Fed’s Powell says credibility lost if President can fire officialsFormer Federal Reserve (Fed) Chair Jerome Powell said the US central bank would damage public trust that’s required to support a strong and stable economy if any president were free to dismiss Fed officials over policy disagreements, Bloomberg reported on Monday.
Former Federal Reserve (Fed) Chair Jerome Powell said the US central bank would damage public trust that’s required to support a strong and stable economy if any president were free to dismiss Fed officials over policy disagreements, Bloomberg reported on Monday.
Here is what you need to know on Friday, May 29:
Understand how the Strait of Hormuz shock moved markets, and what CFD traders watched next.
Discover the best Japanese stocks to buy, including AI semiconductor leaders, Buffett-backed trading houses, and undervalued Japan stocks benefiting from corporate reforms and yen trends.
