Fed's Hammack (voter) it is reasonable to keep rates steady for now, but if recent trends continue it could be appropriate to act against high inflation
- "While I never make too much of any one data point, today's jobs report reaffirms that the labor market appears to be roughly in balance. The unemployment rate remaining stable at 4.3% is right around my definition of full employment."
- "By contrast, inflation is telling a different story. It’s high, moving higher, and I believe persistently high inflation is the bigger concern."
- "For today, it’s reasonable to keep rates steady given the uncertainties around the economic outlook. But if recent trends continue, it may soon be appropriate to act."
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