net_left XM mien phi swap Kdata 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
XM nhan 5k net_home_top HOT AUTO TRADE BOT SOFTWARE
07-12-2023 06:33:41 (UTC+7)

EUR/USD

1.0766

+0.0004 (+0.04%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (2)

EUR/USD

1.0766

+0.0004 (+0.04%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (2)

GBP/USD

1.2558

-0.0001 (-0.01%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (4)

Sell (2)

USD/JPY

147.26

-0.05 (-0.03%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (7)

AUD/USD

0.6550

+0.0001 (+0.02%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (5)

USD/CAD

1.3593

+0.0002 (+0.01%)

Summary

Neutral

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (4)

Sell (1)

EUR/JPY

158.55

-0.01 (-0.01%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

EUR/CHF

0.9416

-0.0001 (-0.01%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

Gold Futures

2,044.20

+0.85 (+0.04%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

Silver Futures

24.262

+0.027 (+0.11%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (0)

Copper Futures

3.7337

+0.0037 (+0.10%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

Crude Oil WTI Futures

69.50

+0.25 (+0.36%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (3)

Brent Oil Futures

74.30

0.00 (0.00%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (2)

Sell (3)

Natural Gas Futures

2.575

+0.008 (+0.31%)

Summary

Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (5)

Sell (2)

US Coffee C Futures

175.85

-7.90 (-4.30%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (10)

Sell (0)

Euro Stoxx 50

4,483.75

+30.98 (+0.70%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (6)

S&P 500

4,549.34

-17.84 (-0.39%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (4)

DAX

16,656.44

+123.33 (+0.75%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (5)

FTSE 100

7,515.38

+25.54 (+0.34%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (5)

Hang Seng

16,474.00

+168.50 (+1.03%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (5)

Sell (1)

US Small Cap 2000

1,851.25

-4.79 (-0.26%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (0)

Sell (7)

IBEX 35

10,258.10

+19.70 (+0.19%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (6)

BASF SE NA O.N.

44.440

+0.840 (+1.93%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Bayer AG NA

32.39

+0.69 (+2.16%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (1)

Allianz SE VNA O.N.

240.95

+2.20 (+0.92%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (3)

Adidas AG

197.00

+1.72 (+0.88%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (7)

Deutsche Lufthansa AG

8.585

+0.266 (+3.20%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (0)

Sell (6)

Siemens AG Class N

160.92

+2.18 (+1.37%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (4)

Deutsche Bank AG

11.670

+0.100 (+0.86%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (5)

Sell (3)

 EUR/USD1.0766↑ Buy
 GBP/USD1.2558Buy
 USD/JPY147.26↑ Sell
 AUD/USD0.6550↑ Sell
 USD/CAD1.3593Neutral
 EUR/JPY158.55↑ Sell
 EUR/CHF0.9416↑ Sell
 Gold2,044.20↑ Buy
 Silver24.262↑ Buy
 Copper3.7337↑ Buy
 Crude Oil WTI69.50Buy
 Brent Oil74.30Neutral
 Natural Gas2.575Buy
 US Coffee C175.85↑ Buy
 Euro Stoxx 504,483.75↑ Sell
 S&P 5004,549.34Sell
 DAX16,656.44↑ Sell
 FTSE 1007,515.38↑ Sell
 Hang Seng16,474.00Buy
 Small Cap 20001,851.25↑ Sell
 IBEX 3510,258.10↑ Sell
 BASF44.440↑ Buy
 Bayer32.39↑ Buy
 Allianz240.95Buy
 Adidas197.00↑ Sell
 Lufthansa8.585Sell
 Siemens AG160.92Neutral
 Deutsche Bank AG11.670Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,320/ 7,420
(0/ 0) # 1,465
SJC HCM7,300/ 7,420
(0/ 0) # 1,465
SJC Hanoi7,300/ 7,422
(0/ 0) # 1,467
SJC Danang7,300/ 7,422
(0/ 0) # 1,467
SJC Nhatrang7,300/ 7,422
(0/ 0) # 1,467
SJC Cantho7,300/ 7,422
(0/ 0) # 1,467
Cập nhật 07-12-2023 06:33:43
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$2,026.36+7.850.39%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V23.68024.150
RON 95-III22.99023.440
E5 RON 92-II21.79022.220
DO 0.05S20.19020.590
DO 0,001S-V21.59022.020
Dầu hỏa 2-K21.11021.530
ↂ Giá dầu thô thế giới
WTI$69.70-5.59-0.07%
Brent$74.29-5.77-0.07%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.065,0024.435,00
EUR25.474,8126.873,60
GBP29.775,3831.043,30
JPY160,24169,63
KRW15,9619,34
Cập nhật lúc 06:29:29 07/12/2023
Xem bảng tỷ giá hối đoái
XM don bay 1:1000 main right adver main right