Lates News

Fed's Jefferson: Fed's current policy rate remains somewhat tight. The risk balance has changed in recent months, with increased downside risks to employment. Existing information suggests that labor supply and demand are both gradually cooling. The Fed's Beige Book to be released next week will provide a reference for economic views. Existing information seems to be consistent with the gradual cooling of both labor supply and demand. Rumors about the job market are mixed; some companies have slowed hiring or downsized, while others are increasing staff and investing.