Fed Governor Cook: Headline data suggests inflation pullback is continuing and labour market is gradually cooling down
Federal Reserve governor Cook said the overall data show that the fall in inflation is still continuing, and the labour market is gradually cooling. If the progress of the inflation fallback slows down, while the job market remains solid, there may be a pause in the case of interest rate hikes. The overall job market remains solid; the recent lack of growth is the result of temporary strikes and the impact of storms.
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