{"id":16423,"date":"2025-06-26T13:51:09","date_gmt":"2025-06-26T13:51:09","guid":{"rendered":"https:\/\/www.europesays.com\/us\/16423\/"},"modified":"2025-06-26T13:51:09","modified_gmt":"2025-06-26T13:51:09","slug":"job-market-remains-steady-and-around-full-employment","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/16423\/","title":{"rendered":"Job market remains steady and around full employment"},"content":{"rendered":"<p>Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee told CNBC on Thursday that the job market remains steady and around full employment, per Reuters.<\/p>\n<p>Key takeaways<\/p>\n<p>&#8220;Unemployment claims and other <a href=\"https:\/\/www.fxstreet.com\/rates-charts\/indicators\" data-fxs-autoanchor=\"\" target=\"_blank\" rel=\"noopener\">indicators<\/a> support view of stable job market.&#8221;<\/p>\n<p>&#8220;Prior to April 2 tariffs, it seemed the Fed was on solid ground on both of its mandate.&#8221;<\/p>\n<p>&#8220;The Fed needs clarity that there will not be an increase in inflation, and if one does come that it will transitory.&#8221;<\/p>\n<p>&#8220;Hope is that there will not be much inflation from tariffs, but there needs to be a few months of clarity.&#8221;<\/p>\n<p>&#8220;Optimistic about recent inflation readings but the Fed needs to be sure, particularly given coming deadlines like July 9 on tariffs.&#8221;<\/p>\n<p>&#8220;Economists are unanimous that monetary policy needs to be free of political interference.&#8221;<\/p>\n<p>&#8220;It is possible that tariffs will have only a modest impact on inflation.&#8221;<\/p>\n<p>&#8220;If inflation stays in the range of 2% and the uncertainty is resolved, the Fed is on a path to lowering rates.&#8221;<\/p>\n<p>&#8220;An early announcement by <a href=\"https:\/\/www.fxstreet.com\/economic-calendar\" data-fxs-autoanchor=\"\" target=\"_blank\" rel=\"noopener\">United States<\/a> President Donald Trump of Fed Chairman Jerome Powell&#8217;s replacement would have no impact on the Federal Open Market Committee.&#8221;<\/p>\n<p>&#8220;Fed minutes and transcripts show that monetary policy decisions are not about politics and elections.&#8221;<\/p>\n<p>Market reaction<\/p>\n<p>The US Dollar remains under persistent selling pressure on Thursday. At the time of press, the USD Index was down 0.5% on the day at 97.22.<\/p>\n<p>These comments from Goolsbee received a neutral score of 5.2 from FXStreet Fed Speech Tracker. Meanwhile,<a href=\"https:\/\/www.fxstreet.com\/technical-analysis\/sentiment\/fed-sentiment-index\" rel=\"noreferrer noopener\" class=\"\" target=\"_blank\"> FXStreet Fed Sentiment Index<\/a> sits at 107.5, reflecting a slightly hawkish overall Fed tone.<\/p>\n","protected":false},"excerpt":{"rendered":"Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee told CNBC on Thursday that the job market remains&hellip;\n","protected":false},"author":3,"featured_media":7022,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,8398,1257,420,67,132,68],"class_list":{"0":"post-16423","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jobs","8":"tag-business","9":"tag-centralbanks","10":"tag-fed","11":"tag-jobs","12":"tag-united-states","13":"tag-unitedstates","14":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114749996247523646","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/16423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=16423"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/16423\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/7022"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=16423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=16423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=16423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}