Fed's Daly: December wage data was one month of data, can't declare victory
09.01.2023, 17:48

Fed's Daly: December wage data was one month of data, can't declare victory

San Francisco Federal Reserve Bank President Mary Daly is dropping important comments in a live questions and answers with the Wall Street Journal.

Key notes

Expect US economy to continue slowing.

In Q1 expect labor market to continue to slow, inflation to come down.

Fed is data-dependent.

Have not seen core services inflation come down as we would like.

Core services inflation excluding shelter has shown no sense it is coming down.
    
There's agreement among fed policymakers that inflation is more persistent than thought.
    
Biggest risk is that inflation expectations would drift up.
    
We are determined, united, resolute to bring inflation down.
    
Wage growth coming down is completely consistent with labor market slowing.
    
Still out of balance in labor market.

December wage data was one month of data, can't declare victory.
    
It's too soon to declare victory and stop rate hikes.

We don't need to see inflation get to 2%, or even down to a stone's throw before we would stop raising rates. This phase of tightening is extremely challenging.

More to come...

US Dollar update

The US Dollar was at a 7-month low, last down 0.77% at 103.11. The index, which measures the greenback against six major currencies, tumbled 1.15% on Friday as investors moved into riskier assets following a mixed labour market report and earlier dismal US PMIs. 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik