Central Banks Forex Short News

Fed’s Bostic on CNBC: The revisions showed that the labor market is slowing down

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Forex Short News
  • The revisions show that the the labor market is slowing down
  • I saw that the risk to inflation is greater than the risk to employment.
  • The risk to the employment side may becoming more in balance to the inflation side
  • does not think jobs data would have changed this week’s FOMC decision.
  • In many ways job market still looks good.
  • I still am not hearing from businesses that there on the verge of letting go a lot of people.
  • I do think with new information it’s appropriate to reevaluate
  • For today, still expected one cut this year.
  • Need to see how things evolve over coming months.
  • Tariffs being in the psychology of the consumer for a much longer time period.
  • Tariffs are not rolling out like textbook examples.
  • If the tariffs are successful, Fed can’t just look through them.
  • Will take a while for firms to price for tariff rise.
  • We are in a very difficult environment now.
  • Do raise the salient to the employment side, but we can’t ignore risks on the other side (inflation).
  • There are risks on both sides of Fed’s mandate
  • Active debate on how restrictive Fed policy is right now

By topic:

Labor Market

  • The revisions show that the labor market is slowing down

  • In many ways, job market still looks good

  • I still am not hearing from businesses that they’re on the verge of letting go a lot of people

  • Does not think jobs data would have changed this week’s FOMC decision

  • Do raise the salient to the employment side, but we can’t ignore risks on the other side (inflation)

  • The risk to the employment side may be becoming more in balance to the inflation side

Inflation & Risks

  • I saw that the risk to inflation is greater than the risk to employment

  • There are risks on both sides of Fed’s mandate

  • Tariffs are not rolling out like textbook examples

  • If the tariffs are successful, Fed can’t just look through them

  • We are in a very difficult environment now

Tariffs & Consumer Behavior

  • Tariffs being in the psychology of the consumer for a much longer time period

  • Will take a while for firms to price for tariff rise

Policy & Outlook

  • For today, still expected one cut this year

  • Need to see how things evolve over coming months

  • Active debate on how restrictive Fed policy is right now

  • I do think with new information it’s appropriate to reevaluat

This article was written by Greg Michalowski at investinglive.com.