Powell: Will Focus on Labor Market, Growth Data, and Inflation Data Ahead of Next Rate Decision

BlockBeats News, September 24th, Federal Reserve Chairman Powell stated that the latest Fed Beige Book shows that the national economy is experiencing a uniform moderate expansion, but uncertainty remains. This summer, the labor market has shown some slowing. Employment and inflation risks require different responses, and the Fed needs to strike a balance.

Focusing on inflation needs to be moderate to achieve a more balanced approach. Before the next interest rate decision, attention will be paid to the labor market, growth data, and inflation data to assess whether the policy is appropriate. (FXStreet)