Fed's Daly: December wage data was one month of data, can't declare victory – by fx_ross Fed CentralBanks DollarIndex
President Mary Daly is dropping important comments in a live questions and answers with the Wall Street Journal.In Q1 expect labor market to continue to slow, inflation to come down.Core services inflation excluding shelter has shown no sense it is coming down.Biggest risk is that inflation expectations would drift up.Wage growth coming down is completely consistent with labor market slowing.December wage data was one month of data, can't declare victory.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NY Fed: One-year consumer inflation expectation declines to 5% in DecemberThe Federal Reserve Bank of New York's monthly Survey of Consumer Expectations showed on Monday that the US consumers' one-year inflation expectation
Read more »
San Francisco economic forecast - San Francisco Business TimesHere's the Business Times' annual look at what to watch for in 2023.
Read more »
You can get Tess Daly's nude lip look for £17Get the Strictly star's nude lip look with this affordable duo product
Read more »
Kenya Moore reveals she doesn’t have prenup with estranged husband Marc DalyThe “Real Housewives of Atlanta” star filed for divorce in 2021 after nearly four years of marriage. The estranged couple share 4-year-old daughter Brooklyn.
Read more »
Volvo Set Another Plug-In Car Sales Record In December 2022Volvo global plug-in electric car sales reached a new record level in December. The company sold 31,826 rechargeable cars - a third more than a year ago.
Read more »