Fed Chair Powell (Q&A) says quarterly GDP figures can be lumpy, need to look for the year
Fed Chair Powell's remarks highlight the complexity of interpreting GDP figures amid conflicting signals from the labor market.
Fed Chair Powell (Q&A) does not take any message from the price of gold
Fed Chair Powell (Q&A) says his advice for the next Fed chair is to stay out of domestic politics
Fed Chair Powell (Q&A) says quarterly GDP figures can be lumpy, need to look for the year
Fed Chair Powell (Q&A) sees goods inflation peaking in the middle of the year
Fed Chair Powell (Q&A) says on net there was no progress on core PCE last year; most of overshoot was in goods, related to tariffs, and was one-time
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- Has been a divide between solid growth and weakening labour market, may be explained by productivity
- May be seeing a resolution of these two things given stabilisation in labour market
- Says historically, labour market data is more reliable than GDP data
His emphasis on the labor market's reliability versus GDP data may suggest a more cautious approach to economic indicators, impacting market sentiment towards growth expectations and influencing interest rate discussions ahead. Traders should monitor how this perspective aligns with current market pricing of the Fed's policy trajectory.
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