Thursday , 7 November 2024
Home Forex More from Fed’s Musalem – Jobs report did not cause a change in outlook
Forex

More from Fed’s Musalem – Jobs report did not cause a change in outlook

St. Louis Fed President Alberto Musalem speech, “Financial Conditions, the Economic Outlook and Monetary Policy,” at a Money Marketeers of New York University Inc. event:

Q&A now:

  • The September jobs report was very strong.
  • The labor market is strong; it is healthy.
  • There is no emergency in the job market right now.
  • The jobs report didn’t cause a change in outlook.
  • The current policy path is still appropriate despite the jobs data.
  • I don’t pay much attention to market pricing of the Fed outlook.
  • Won’t prejudge the outcome of coming Fed meetings.
  • Fed’s dot plot is helpful to understand Fed actions.
  • Upside risks to inflation still there, but risks aren’t high.

This article was written by Eamonn Sheridan at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

BOE cuts bank rate by 25 bps to 4.75%, as expected

Prior 5.00%Bank rate vote 8-1 vs 7-2 expected (Mann dissented to keep...

Nasdaq Technical Analysis – The market cheers Trump’s victory

Fundamental OverviewThe Nasdaq tested the all-time high following Trump’s victory and the...

Federal Reserve expected to deliver 25 bps interest-rate cut, shrugging off Trump victory

The US Federal Reserve (Fed) will announce monetary policy decisions following the...

AUD/USD bounces back strongly to near 0.6630 ahead of Fed policy meeting

The AUD/USD pair recovers almost entire Wednesday’s losses and climbs back to...