Allianz: The Federal Reserve's fight against inflation is not over yet

2024-10-05 22:10:08

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ChainCatcher news, according to Jinshi reports, Allianz Chief Economist El-Erian warned that not all investors are optimistic about Friday's employment report, and the Federal Reserve's fight against inflation is not over. "This is not just a solid labor market, but if you look at these numbers on the surface, this is a strong labor market in the late cycle."

Lindsey Bell, Chief Investment Strategist at 248 Ventures, stated that the wage growth reflected in the report may remind the Federal Reserve that inflation will remain sticky. Chicago Fed President Goolsbee said on Friday that the latest U.S. non-farm payroll report is "excellent," and that more similar employment market data will boost his confidence in the economy being in a state of full employment and low inflation. He believes it is appropriate for the Federal Reserve to continue cutting interest rates over the next 12 to 18 months, which is also the expectation of most policymakers at present.

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