"The labor market is still healthy, but we have clearly seen a slowdown. Now we are approaching an inflection point," Roger Aliaga-Diaz, chief Americas economist at Vanguard, stated. This reflects the nuances in the current economic environment, suggesting strengths but also impending changes.
Fed Chair Jerome Powell described the interest rate decision as a shift in approach to ensure robust employment rather than solely focusing on lowering inflation, highlighting the balance the Fed is trying to maintain.
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