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The unemployment rate is ticking up in states across the country but economists argue this might not be a sign of a looming recession.
The Fed considers lowering rates if unemployment rises significantly, despite concerns about inflation. Powell's focus on preventing a job-cutting spiral reflects a willingness to prioritize the labour market. This approach may offer support to the economy and risk assets.
(Bloomberg) -- As inflation surged in 2022, the Federal Reserve moved to prevent a wage-hike spiral by jacking up interest rates. Now, with unemployment edging up, the central bank is signaling a willingness to cut rates to head off a job-cutting spiral – even if that means somewhat higher inflation for a while.Most Read from BloombergHarassment and Drugs Plagued a Citigroup Division for YearsRussia Mourns 133 Killed in Deadliest Moscow Attack in DecadesGucci’s China Shock Reverberates Across th
The influence of Christopher Waller, a Trump appointee, rises as he challenges economic orthodoxy.
The focus will be about what, if anything, Fed officials say about lowering rates even as they are widely expected to keep rates steady at the meeting’s conclusion Wednesday.