labor market weakness
Federal Reserve’s Collins cautions about potential weaknesses in the labor market, suggesting that another rate cut of 25 basis points could be warranted. Collins emphasized the importance of monitoring labor market indicators, noting that signs of weakness could necessitate further adjustments to interest rates. The Fed’s approach will remain data-driven, focusing on economic trends and their implications for monetary policy. As the central bank assesses the overall economic landscape, the decision to alter rates will depend on the evolving conditions in the labor market and inflationary pressures.
