THE Federal Reserve's policy rate continues to act as a brake on the resilient labor market and on inflation that is still above the 2-percent target, two US central bankers said on Tuesday, a view that appears to argue for more interest rate cuts, even as both signaled they were not ready to judge how fast or by how much.
THE Fed eral Reserve's policy rate continues to act as a brake on the resilient labor market and on inflation that is still above the 2-percent target, two US central bankers said on Tuesday, a view that appears to argue for more interest rate cuts, even as both signaled they were not ready to judge how fast or by how much.
1 percent in September, just above its target, but measures of underlying inflation that strip out volatile energy and food prices have been stuck higher, with little sign of recent progress.Economists expect more of the same when the US Labor Department releases the consumer price index for October on Wednesday, US time.Monthly job gains have dropped, but unemployment, at 4.1 percent, is low by historical standards.
Monetary Policy Remains Restrictive Two Fed Execs Say
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