Federal Reserve Daley Responds to Surprising Nonfarm Payrolls Data: "We Can't Ignore It, but We Shouldn't Overinterpret It"
Svmuu News: Nonfarm payroll data released Friday by the U.S. Bureau of Labor Statistics showed that the U.S. economy saw a decline in jobs in February. The month’s figures were severely impacted by severe cold weather and a strike at a major healthcare provider. Federal Reserve "I think this simply indicates that previous expectations of a stabilizing labor market may have been overly optimistic," Daly said in an interview with CNBC.We are also facing inflation above target and rising oil prices. We don’t know how long these conditions will last, but both of our objectives are currently at risk.” Daly added: “I don’t think we should ignore this report, but it is just a monthly figure and should not be overinterpreted.” (Jin Shi)
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Source:Odaily · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
Goldman Sachs' latest research report: Maintains its year-end 2027 gold price target of $5,400, but lowers its year-end 2026 forecast to $4,650, stating that Federal Reserve rate hikes will only slow short-term gains, and central bank gold purchases are the core driver.
-
2
API3 Token: Decentralized Oracle Project Analysis and Market Status
-
3
FINIX (Definix) Current Status Analysis: Valuation and Long-Term Investment Potential Assessment
-
4
NVIDIA's optimistic outlook boosts tech stocks, Nasdaq futures rise 0.7%, South Korea's KOSPI leads Asian markets with a 2.7% gain.
-
5
Hong Kong Financial Secretary Christopher Hui: The government is studying expanding the scope of RMB usage, including promoting RMB payment for stamp duty on stock transactions and an RMB counter for Stock Connect Southbound Trading.
-
6
U.S. Energy Secretary Chris Wright says another round of crude loans from the Strategic Petroleum Reserve is a “very real possibility” amid higher oil prices and steep futures backwardation.
-
7
Fed rate hike to 3.75%-4.00% pushes 1-year Treasury yield to 4.45%, making crypto lending less attractive
-
8
Brent crude oil fell 2.0% intraday, nearing $97/barrel, Bitcoin rose 1.2% to $77,426, and gold increased by 0.5%.
-
9
HKMA: The total number of stored value facility accounts reached 90.38 million in Q2 2026, a quarter-on-quarter increase of 1.8%.
-
10
Ethereum Decentralized Exchange (DEX) Landscape: Key Players and Innovation Trends
Markets Today
Recommended Reading





