net_left adver left

Fed will face complicated choices as labor market softens: George

Saturday, January 7, 2023
Fed will face complicated choices as labor market softens: George © Reuters. FILE PHOTO: Kansas City Federal Reserve Bank President Esther George addresses the National Association for Business Economics in Denver, Colorado, U.S. October 6, 2019. REUTERS/Ann Saphir/File Photo

(Reuters) - The Federal Reserve will face some hard choices and delicate communications challenges as it fights still-high inflation even as the labor market begins to soften, Kansas City Federal Reserve Bank President Esther George said on Friday.

"How much additional tightening will be needed to bring inflation back to 2 percent remains an essential aspect of the Federal Reserve’s deliberations," George said in remarks prepared for delivery to an event at the Central Exchange, noting that while goods prices have started to decline, services prices continue to rise, bolstered by a tight labor market.

"Policymakers will undoubtedly face more complicated choices and difficult communications as the tradeoffs between inflation and employment become more apparent," she said.

George leaves the Fed later this month under the central bank's age-based retirement rules, after nearly 13 years at the helm of the Kansas City Fed.

For most of her tenure she was one of the central bank's more hawkish policymakers. Last year, as the Fed ramped up the pace of its interest-rate hikes to fight decades-high inflation, she dissented to mark her discomfort with moving in large steps and her support for a more measured approach to policy tightening.

In December she and her colleagues downshifted to a slower rate-hike pace, delivering a half-point rate hike after four straight 75-basis point moves, and have signaled they may slow rate hikes further this year as inflation eases.

George did not use her prepared remarks to map out a preferred path for rate hikes, or to react to fresh data on the labor market published Friday showing some cooling in wage growth in December.

Instead she flagged ongoing concerns about inflation, subject she said to a potential renewed surge from energy and crop prices as Russia's war in Ukraine continues, and vulnerable to household decisions over how freely to spend excess savings in the face of a slowing economy.

"The longer inflation remains above its 2 percent objective, the greater the chance that higher inflation becomes embedded in the expectations of workers, producers, and consumers," she said, adding that ingrained inflation is very costly to combat. The Fed's rate hikes last year demonstrated its inflation-fighting commitment, she said.

Still, she said, "uncertainty around the path of policy could rise once the public and markets start evaluating how the Federal Reserve is weighing inflation relative to a softening labor market in its policy decisions."

Leave your comment
HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
07-02-2023 21:10:18 (UTC+7)

EUR/USD

1.0699

-0.0031 (-0.29%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (1)

EUR/USD

1.0699

-0.0031 (-0.29%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (1)

GBP/USD

1.1979

-0.0037 (-0.31%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (1)

USD/JPY

131.88

-0.76 (-0.58%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (5)

Sell (1)

AUD/USD

0.6909

+0.0028 (+0.41%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (5)

USD/CAD

1.3454

+0.0008 (+0.06%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (10)

Sell (1)

EUR/JPY

141.10

-1.23 (-0.86%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (7)

Sell (0)

EUR/CHF

0.9899

-0.0061 (-0.61%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (6)

Gold Futures

1,882.80

+3.30 (+0.18%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (0)

Silver Futures

22.293

+0.056 (+0.25%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Copper Futures

4.0158

-0.0192 (-0.48%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Crude Oil WTI Futures

75.11

+1.00 (+1.35%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (8)

Brent Oil Futures

81.88

+0.89 (+1.10%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Natural Gas Futures

2.495

+0.038 (+1.55%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (10)

US Coffee C Futures

175.80

+0.10 (+0.06%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Euro Stoxx 50

4,197.05

-8.40 (-0.20%)

Summary

Neutral

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (5)

Sell (3)

S&P 500

4,111.08

-25.40 (-0.61%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (1)

DAX

15,285.77

-60.14 (-0.39%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (5)

FTSE 100

7,856.40

+19.69 (+0.25%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Hang Seng

21,298.70

+76.54 (+0.36%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

US Small Cap 2000

1,957.72

-27.82 (-1.40%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (5)

IBEX 35

9,171.16

+11.96 (+0.13%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

BASF SE NA O.N.

52.745

-0.205 (-0.39%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (0)

Bayer AG NA

58.49

+0.30 (+0.52%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (9)

Sell (1)

Allianz SE VNA O.N.

219.03

-0.27 (-0.12%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (6)

Adidas AG

153.78

-1.58 (-1.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Deutsche Lufthansa AG

9.643

-0.160 (-1.63%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (8)

Siemens AG Class N

141.40

-1.56 (-1.09%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (1)

Deutsche Bank AG

11.455

+0.099 (+0.87%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (2)

Sell (5)

 EUR/USD1.0699↑ Buy
 GBP/USD1.1979↑ Buy
 USD/JPY131.88Neutral
 AUD/USD0.6909↑ Sell
 USD/CAD1.3454↑ Buy
 EUR/JPY141.10Neutral
 EUR/CHF0.9899↑ Sell
 Gold1,882.80↑ Buy
 Silver22.293↑ Buy
 Copper4.0158↑ Sell
 Crude Oil WTI75.11↑ Sell
 Brent Oil81.88↑ Sell
 Natural Gas2.495↑ Sell
 US Coffee C175.80↑ Sell
 Euro Stoxx 504,197.05Neutral
 S&P 5004,111.08↑ Buy
 DAX15,285.77↑ Sell
 FTSE 1007,856.40↑ Sell
 Hang Seng21,298.70↑ Sell
 Small Cap 20001,957.72↑ Sell
 IBEX 359,171.16↑ Sell
 BASF52.745↑ Buy
 Bayer58.49↑ Buy
 Allianz219.03↑ Sell
 Adidas153.78↑ Buy
 Lufthansa9.643↑ Sell
 Siemens AG141.40Buy
 Deutsche Bank AG11.455↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,650/ 6,710
(10/ 10) # 1,344
SJC HCM6,655/ 6,735
(15/ 15) # 1,371
SJC Hanoi6,655/ 6,737
(15/ 15) # 1,373
SJC Danang6,655/ 6,737
(15/ 15) # 1,373
SJC Nhatrang6,655/ 6,737
(15/ 15) # 1,373
SJC Cantho6,655/ 6,737
(15/ 15) # 1,373
Cập nhật 07-02-2023 21:10:20
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,869.81+1.520.08%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V24.00024.480
RON 95-III23.14023.600
E5 RON 92-II22.32022.760
DO 0.05S22.52022.970
DO 0,001S-V24.28024.760
Dầu hỏa 2-K22.57023.020
ↂ Giá dầu thô thế giới
WTI$75.34-0.58-0.77%
Brent$81.75-0.54-0.67%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.420,0023.790,00
EUR24.663,7826.055,52
GBP27.653,4728.844,48
JPY174,04184,33
KRW16,1919,73
Cập nhật lúc 18:50:03 07/02/2023
Xem bảng tỷ giá hối đoái
adver main right