The US economy has cooled, the job market is still pushing down prices, says Powell

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The US economy has cooled, the job market is still pushing down prices, says Powell The US economy has cooled, the job market is still pushing down prices, says Powell

The US economy has “slowed significantly” over the past year, continuing its cooler trend with modest first-quarter growth despite robust consumer spending, Fed Chair Jerome Powell said at his post-FOMC meeting briefing. The job market remains “very tight” but labor supply and demand have “become in a better balance,” he said. Nominal wage growth has […] The post The US economy has cooled, the..
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