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post: FED'S POWELL: A RISE IN UNEMPLOYMENT WOULD HAVE TO BE MEANINGFUL FOR US TO REACT. post: Powell: "A couple tenths" of an increase in the unemployment rate doesn't count as an "unexpected weakening" in the labor market that would justify cuts.
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The Federal Reserve left its policy rate unchanged and argued its policy stance is “in a good place”, but officials are concerned about the recent lack of progress on inflation. Rate hikes remain unlikely, but the Fed is prepared to leave interest rates at current levels until that progress is achieved or the jobs market clearly weakens. Fed keeps rates at ...
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