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Fed’s Goolsbee: On average it feels like the jobs market cooling from a very hot level

  • December 6, 2024
  • -FCHFX

December 06, 2024 at 03:43PM

227K is a big number but need to look at averages

Jobs market cooling to something like sustainable full employment, want to keep it there

Last few months, jobs number feels like a sustainable, full employment pace

Measurements like the ratio of vacancies to number of unemployed people show balance in the jobs market

What happens with immigration will have a very significant impact on the size of the labor force

Says he won’t pre-commit to December decision, still several data points to come

Overall progress on inflation is still encouraging

The same volatility that attracts people to bitcoin is what makes it not a currency, it’s it’s not a stable store of value

Also just now, Goldman Sachs’ chief economist Jan Hatzius was on CNBC saying he expects the Fed to cut in December.

This article was written by Adam Button at www.forexlive.com.

Fed’s Goolsbee: On average it feels like the jobs market cooling from a very hot level
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