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49 new news items in the last 24 hours
Wednesday 08:48

The Fed Chairman, Jerome Powell, stated that the US economy is improving, but the labor market remains weak.

Ana-Maria Tapescu
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International
Foto: AA/ABACA / Abaca Press / Profimedia

Jerome Powell, the chairman of the Federal Reserve, stated that the American economy seems to be on a stronger trajectory than anticipated, despite reduced activity in the labor market. In a speech addressed to the National Association of Business Economists, Powell mentioned that the outlook for employment and inflation has not changed significantly since the meeting in September, when the Fed lowered the benchmark interest rate by 0.25 percentage points. Powell emphasized that monetary policy will be set based on economic developments, aiming to balance the weakness in the labor market with inflation, which remains above the 2% target.

Sources

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News.ro
Powell: economia SUA dă semne de consolidare, dar piaţa muncii rămâne slabă
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Economedia
Șeful FED: Economia SUA dă semne de consolidare, dar piaţa muncii rămâne slabă
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Financial Intelligence
Powell: Economia SUA dă semne de consolidare, dar piaţa muncii rămâne slabă
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independent.co.uk
Slowdown in US hiring suggests economy still needs rate cuts, Fed's Powell says
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France24
US Fed chair flags concern about sharp slowdown in job creation

ȘTIRI PE ACELEAȘI SUBIECTE

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International
CNBC Survey: Americans' confidence in the economy has decreased, with a 42% approval rating for Trump amid inflation and concerns about jobs.
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International
ECB officials convey that the monetary easing cycle has ended, in the context of a vulnerable European economy.
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International
Moody's Ratings Agency has stated that there is no evidence of systemic risk in the financial system, despite growing concerns about non-performing loans in medium-sized American banks.
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jerome powell US economy labor market

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