Fed Schmid: Labor force remains a in a good place
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Labor force remains in a good place Still still have a way to in beating inflation Credibility at stake in fighting inflation Jeffrey Schmid, president of the Kansas City Fed, has maintained a hawkish focus on inflation. Last week Schmid participated on another panel with Riehmon
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The desk interprets KC Fed President Schmid's recent remarks as a clear signal of ongoing inflationary pressures, which he identifies as the foremost risk to economic stability. Per the full note [source], Schmid emphasizes that inflation remains elevated, despite the US economy demonstrating notable resilience. This hawkish stance aligns with other Fed officials' recent comments, suggesting a prolonged period of restrictive monetary policy is likely necessary to combat persistent inflation. With the Consumer Price Index (CPI) and Producer Price Index (PPI) data reinforcing this narrative, traders should brace for potential market volatility as the Fed navigates these challenges.
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