Fed not yet decided whether to hike rates in Sept: Powell
[NEW YORK] Federal Reserve policymakers have not yet decided whether to raise interest rates at a closely watched meeting next month, an influential governor at the US central bank said on Wednesday, adding data on the labour market in particular would be key to that decision.
"Nothing has been decided," Fed Governor Jerome Powell said on CNBC of the central bank's Sept 16-17 policy meeting.
"I haven't made any decisions about what I would support, and certainly the (policy-making) committee hasn't."
He added: "The economy is moving along about as expected ... the labour market continues to be strong."
But "more recent data has been mixed," he said, including a weaker than expected reading of employment compensation in the second quarter.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Deflation reaches UK stores as non-food prices fall 0.6%
Japan’s March factory output rises 3.8% vs month earlier
Hong Kong vies with US in Bitcoin ETF market after crypto’s revival
More UK companies plan price rises but wage expectations cool: Lloyds
Campaigning EU chief von der Leyen defends record during debate
Israel concerned over possible ICC arrest warrants related to Gaza war