Job openings inch up as hiring slows, affirming labor market stability
Steady employment gives the Federal Reserve some leeway to raise the federal funds rate should inflation fail to fall toward their 2% target.
Steady employment gives the Federal Reserve some leeway to raise the federal funds rate should inflation fail to fall toward their 2% target.
BELLINGS Intelligence Score: 72
Why it matters
The job openings and hiring data provide a key monetary-policy signal by affirming labor market stability, which influences Federal Reserve rate expectations and thus borrowing costs and credit conditions relevant to all credit-market professionals.
Sources
CFO Dive
Job openings inch up as hiring slows, affirming labor market stability
Steady employment gives the Federal Reserve some leeway to raise the federal funds rate should inflation fail to fall toward their 2% target.