Fed’s Bowman: Concerned about labor market fragility

Agustin Wazne FXStreet

Federal Reserve (Fed) Vice Chair Michelle Bowman said that, given the risks, the Fed should not signal a pause in its rate-cutting campaign, in a speech at the New England Economic Forum in Foxborough, Massachusetts, on Friday.

Key takeaways

Given risks, Fed should not signal a pause in rate-cutting campaign.

US Central Bank should stand ready to cut interest rates again given labor market risks.

Risk to Fed's mandates is asymmetric, with job risks outweighing inflation concerns.

Monetary policy is moderately restrictive right now.

Inflation pressures are easing as tariff influences abate.

Fed policymaking should be forward looking and driven by forecasts.

Given risks, Fed policy should be focused on supporting job market.

Fed expects 'solid' growth, lower inflation and stabilizing job market.

Firms may start shedding workers unless there is demand improvement.

Concerned about labor market fragility.

Underlying inflation levels closer to Fed’s 2% target.

Fed has made considerable progress in lowering inflation.

Wage growth consistent with 2% inflation.

US economy has been resilient."

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Australian Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.04%	-0.06%	-0.36%	0.08%	0.23%	-0.23%	-0.13%
EUR	-0.04%		-0.11%	-0.42%	0.04%	0.19%	-0.26%	-0.17%
GBP	0.06%	0.11%		-0.30%	0.15%	0.30%	-0.15%	-0.06%
JPY	0.36%	0.42%	0.30%		0.48%	0.60%	0.14%	0.24%
CAD	-0.08%	-0.04%	-0.15%	-0.48%		0.13%	-0.33%	-0.22%
AUD	-0.23%	-0.19%	-0.30%	-0.60%	-0.13%		-0.45%	-0.35%
NZD	0.23%	0.26%	0.15%	-0.14%	0.33%	0.45%		0.10%
CHF	0.13%	0.17%	0.06%	-0.24%	0.22%	0.35%	-0.10%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

Author

Agustin Wazne

FXStreet

Agustin Wazne joined FXStreet as a Junior News Editor, focusing on Commodities and covering Majors.

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