August 19, 2024 at 11:24AM
Balance of risks have shifted more towards labour market and away from inflation
Inflation is making progress
But labour market is showing some concerning signs
He’s reiterating what we already have come to know in recent weeks. They’ve been teeing up a rate cut in September and this just contributes to that narrative. We’ll see if Powell will be more explicit during his appearance at Jackson Hole later this week.
This article was written by Justin Low at www.forexlive.com.