White House CEA Chair Phelan does not expect the job report to cause the Fed to hike; will need to see next CPI to see what hte Fed will do

Newsquawk Staff · 6 Nov 2026, 18:48 UTC

White House CEA Chair Phelan does not expect the job report to cause the Fed to hike; will need to see next CPI to see what hte Fed will do.

What our morning note said

Rates and central banks · about 8 hours before this headline

Fed's Williams (voter) said the US economy has been remarkably resilient amid recent shocks, growth has strengthened.
Goldman Sachs expects Fed rate cuts from late 2027 through early 2028.

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Riksbank maintains its rate at 1.75% as expected; assesses that the probability of a rate increase later this year remains; there is considerable uncertainty and developments call for vigilance
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