Federal Reserve official Hammack said the labor market is close to full employment, according to a report cited by Jin10. The update also said the current nowcast for core Personal Consumption Expenditures, or core PCE, puts core inflation at 3.3%. The remarks point to a labor market that remains near the Fed’s employment objective, while the inflation reading referenced in the nowcast stays above that level. No additional policy guidance or timing details were included in the brief report. The cited figures were limited to the labor-market assessment and the 3.3% core PCE inflation nowcast.
According to a report cited by Jin10, Federal Reserve official Hammack said the labor market is near full employment.
The current nowcast for core Personal Consumption Expenditures, or core PCE, shows core inflation at 3.3%.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
