🚨 Federal Reserve’s Schmid: Labor Market Cooling, Inflation Still Elevated $AT
Federal Reserve official Schmid said the U.S. labor market is showing clear signs of cooling as hiring slows and wage pressures ease. However, he emphasized that inflation remains “uncomfortably high,” suggesting that policymakers are still not fully confident about returning to the Fed’s 2% target.$ASTER
Schmid noted that although recent data points to progress, the central bank needs to see “more consistent evidence” before adjusting its policy stance. He added that lingering price pressures in key sectors—particularly services—continue to pose challenges for the Fed’s long-term outlook.$LINK
Markets are closely watching these comments, as they could influence expectations around future interest-rate cuts and broader economic conditions heading into 2026.
