Allianz: The Federal Reserve's fight against inflation is not yet over

Oct 05, 2024 13:42
According to a report by Golden Ten, Allianz Chief Economist Erian warned that not all investors are optimistic about Friday's employment report, and the Federal Reserve's fight against inflation is not yet over. This is not just a solid labor market, but if you look at these numbers on the surface, it's a strong labor market in the later stages of the cycle, "said Lindsey Bell, chief investment strategist at 248 Ventures. The wage growth reflected in the report may remind the Federal Reserve that inflation will still be sticky. Chicago Fed President Goolsby said on Friday that the latest US non farm payroll report is "excellent" and that more similar job market data will boost his confidence that the economy is in a state of full employment and low inflation. He believes that it is appropriate for the Federal Reserve to continue cutting interest rates in the next 12 to 18 months, which is also the current expectation of most decision-makers.
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