Data Gold 28 September, according to the Financial Times, St. Louis Fed Chairman Mulla admitted that the labor market has cooled in recent months, but given the low unemployment rate and potential economic strength, he remains optimistic about the outlook. Mulla had supported a rate cut in September. He said the business sector is in "good shape," overall activity is "robust," and added that large-scale layoffs do not seem "imminent." However, he acknowledged that the risks facing the Fed may require it to cut rates more quickly. He said: "I realize that the economy may be weaker than I currently expect, and the labor market may be weaker than I currently expect." "If that's the case, then accelerating the pace of rate cuts may be appropriate."
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Musaalem dari Federal Reserve: Jika pasar tenaga kerja lebih lemah, langkah penurunan suku bunga yang lebih cepat mungkin menjadi yang tepat
Data Gold 28 September, according to the Financial Times, St. Louis Fed Chairman Mulla admitted that the labor market has cooled in recent months, but given the low unemployment rate and potential economic strength, he remains optimistic about the outlook. Mulla had supported a rate cut in September. He said the business sector is in "good shape," overall activity is "robust," and added that large-scale layoffs do not seem "imminent." However, he acknowledged that the risks facing the Fed may require it to cut rates more quickly. He said: "I realize that the economy may be weaker than I currently expect, and the labor market may be weaker than I currently expect." "If that's the case, then accelerating the pace of rate cuts may be appropriate."