SPTS - Quick Thoughts: Kicking The Can Down The Road
2024-02-02 03:20:00 ET
Summary
- While interest rates were left unchanged at the January Fed meeting as expected, there were some interesting hints about future monetary policy.
- Powell stressed that the Fed would continue to be hyper-focused on its dual mandates of price stability and maximum employment.
- On the labor market, the US unemployment rate remains at 3.7%, off historic lows but still lower than the Fed would like to see, according to Powell, who stated that jobs gains “moderated but remain strong.”.
By Stephen H. Dover, CFA, Chief Market Strategist, Head of Franklin Templeton Institute and Rick Polsinello, Senior Market Strategist, Franklin Templeton Institute ...
Quick Thoughts: Kicking The Can Down The Road